1305 S 9th Street
Property Description
Fully occupied. All six units were leased as of September 30, 2026. Staggered lease expirations. All six current leases expire between December 2026 and September 2028, so rollover is spread out over time. Affordable, efficient unit mix. Five one-bedroom units (400-500 SF) and one two-bedroom unit (840 SF), with rents from $585 to $899 per month. In-place rents close to market. Current rents are within 2% of market rents on the rent roll. Reported average one-bedroom rent in Slaton was about $648 in December 2024, in line with this property's one-bedroom rents. Convenient location. Slaton sits along U.S. Highway 84, about 15 miles from Lubbock and its employment base. Professionally managed with a full year of documented operating expenses.
Broker Details
Reside Real Estate Co. 806-370-0282
MLS ID: 812023058 State License Number: 0633729
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $349,000 |
| No. of Units: | 6 |
| Year Built: | 1945 |
| Lot Size: | 3,140.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $58,167 |
| Property Website | Click Here |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 6 |
ID: 3yd-LAORTX-202613585
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