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 |
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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