West 19th Street Frontage Multifamily Property on 2 + acres

Multi-Family for Sale
Catylist Listing ID: 30764674
Number of Units: 5 Units
Building Size (RSF): 4,349 SF
Gross Building Area: See Agent
Gross Land Area: 105,957 SF
Sale Price: $499,000
Unit Price: $99,800 Per Unit
Property Use Type: Investment
Sale Terms: Purchase Money Mortgage
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/19/2021

Overview / Comments

What an amazing opportunity for investors. 19th Street frontage with 5 Rental Units all with long term tenants. 2.43 Acres with potential for an Air BNB, rental increase potential with minimal work. A fantastic investment with the growing West Lubbock developments. LOTS of possibilities with this property.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R111973
Percent Occupied: 100%
Property Located Between: west of Wausau Ave
Highway Access: 19th Street
Total Number of Buildings: 5
Property Condition: Fair
Number of Stories: 1
Zoning Description: R-1 could be rezoned
Lot Frontage: 200'
Lot Depth: 533.16
Water Service: Well
Sewer Type: Septic
Land Ownership: owned
Legal Description: BLK AK SEC 42 AB 1262 TR 12 KILLIAN TRS ACS: 2.5167

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,022 34,778 112,076
Median Age: 29.5 29.2 33
Households: 1,178 14,632 45,718

Contact

Photograph of Listing Agent

Whitney Walden

Amy Tapp Realty West Texas CIE Member
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