5604 Brownfield Dr (32 Units)
A 32-unit multifamily complex in Lubbock made up of eight quadplex buildings. The 32 two-bedroom units average 920 sq ft each, totaling 29,440 sq ft, and each has an attached garage. Built in 1986, the property sits near Marsha Sharp Freeway, Loop 289, and Texas Tech University.
Bedrooms
64
Bathrooms
32
Size
29440 sq ft
Year Built
2024
Projected value
The offering costs $5,993,759.20 in total. The property itself is $3,486,000.00, so 71.9% of the total sits on top of the purchase price in reserves, costs and fees. Investors put in $3,493,600.00 and a $2,500,159.20 loan covers the rest.
- Purchase price58.2%$3,486,000.00
- Closing and offering costs0.1%$6,950.00
- Other41.7%$2,500,809.20
Figures as published by the platform at listing. Reserves are held for the property and stay inside the deal, closing costs and the platform fee do not.
Total Tokens
66,079
Token Price
$15.75
Tokens Available
267
Minimum Investment
$15.75
Token Holders
386
Platform Fee
N/A
Management Fee
N/A
Leverage
72% debt
Blockchain Network
Algorand
Token Symbol
LFTY0444
Property Type
Commercial
Bedrooms
64
Bathrooms
32
Size
29440 sq ft
Year Built
2024
Condition
N/A
