Apartment Complex for Sale

Multi-Family for Sale
Catylist Listing ID: 30570917
Property Subtypes: Low-Rise/Garden
Number of Units: 16 Units
Building Size (RSF): 7,872 SF
Gross Building Area: See Agent
Gross Land Area: 9,956 SF
Sale Price: $640,000
Unit Price: $40,000 Per Unit
Property Use Type: Investment
Building Name: Melrose Apartments
Sale Terms: Cash to Seller
Last Updated: 4/13/2021

Overview / Comments

Great investment opportunity! This Lubbock apartment complex near downtown has 4 - one bedroom apartments and 12 - efficiency apartments. One efficiency is currently used as on on-site office, but can easily be converted back to rentable space. All apartment are in working, rentable condition.

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Taxing Authority: Lubbock CAD
Tax ID/APN: R135486
Percent Occupied: 80%
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1964
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lot Frontage: 67.50
Lot Depth: 147.50
Water Service: Municipal
Sewer Type: Municipal
Legal Description: OVERTON BLK 5 L 13 & N20'OF 12

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,426 90,904 191,923
Median Age: 26.61 29.63 31.99
Households: 6,432 32,440 73,479


Photograph of Listing Agent

Jeremy Steen

West Texas CIE Member
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