7th Street Apartments

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30719910
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 12 Units
Building Size (RSF): 13,908 SF
Gross Building Area: See Agent
Gross Land Area: 0.78 Acres
Sale Price: $1,150,000
Unit Price: $95,833.33 Per Unit
Property Use Type: Investment
Building Name: 7th Street Apartments
Usable Size (USF): 13,908 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/15/2021

Overview / Comments

Opportunity to own well located asset with upside in rents to market and improved management.

Priced well below replacement cost.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R70981
Property Located Between: Northwest side of Lubbock within minutes of Texas Tech University, Lubbock Christian University, and Wayland Baptist University
Area Description: Well positioned on the northwest side of Lubbock within minutes of Texas Tech University, Lubbock Christian University, and Wayland Baptist University. Within minutes of 50,000 students, and 19,000 employees.
Property Condition: Good
Number of Stories: 2
Year Built: 2004

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,243 67,820 156,688
Median Age: 26.86 29.76 31.15
Households: 5,571 27,526 61,941

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