Kingdom Quarters

Multi-Family for Sale
Catylist Listing ID: 30752632
Property Subtypes: Low-Rise/Garden
Number of Units: 12 Units
Building Size (RSF): 7,955 SF
Gross Building Area: See Agent
Sale Price: $675,000 - 1,000,000
Unit Price: $56,250 Per Unit
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/13/2021

Overview / Comments

Kingdom Quarters is a two story 12-unit property located in Lubbock TX. The property has been operating as short term rentals over the past couple years and is currently being re-stabilized as a conventional property. There are 11 one bedroom units and 1 two-bedroom unit. The electric is separately metered, and the water and gas are master metered. The owner currently pays all the utilities.

This property is located right inside Loop 289 between Avenue Q and University. It’s close to Interstate 27 and located within a 15 minute drive of Lubbock’s top employers and Texas Tech University. Lubbock’s population is approximately 280,000 people and its top employers include Texas Tech University, Covenant Health, University Medical Center, and employers in the agriculture industry. Amazon is also adding a distribution center that will bring 230 additional jobs.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R321208

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,415 87,605 184,293
Median Age: 30.68 32.8 32.62
Households: 5,518 33,966 70,619

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