216 Ave S

    Lubbock, TX 79415
    • $697,000
    • STATUS: Active
    • ON SITE: 16 days
    • MLS #: 201910172
    $697,000
    • 0
      BEDS
    • 0.82
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,960
      SQFT
    • $44
      $/SQFT
    Neighborhood:
    105
    Type:
    Multi-Family
    Built:
    1977
    County:
    Area:
    1

    School Ratings & Info

    School District:

    Description

    Incredible cash flow opportunity in redeveloping area near Texas Tech University. 6 quadplexes, 24 total units. Current rents average just over $400 per month, currently management is leasing at $445 per unit. Potential to increase gross rents to over $10,000 per month in current condition and a value add opportunity for investors looking for a property to improve.

    Monthly Payment Calculator

    © 2019 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2019-12-07T23:59:58.933.
    www.staceyrogersrealestategroup.com/homes/101181649

    216 Ave S Lubbock, TX 79415

    • Price: $697,000
    • Status: Active
    • MLS #: 201910172
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.82
    Acres
    15,960
    SQFT
    $44
    $/SQFT
    1977
    Built
    Neighborhood:
    105
    County:
    Lubbock
    Area:
    1
    School District:
    Lubbock Isd
    Property Description
    Incredible cash flow opportunity in redeveloping area near Texas Tech University. 6 quadplexes, 24 total units. Current rents average just over $400 per month, currently management is leasing at $445 per unit. Potential to increase gross rents to over $10,000 per month in current condition and a value add opportunity for investors looking for a property to improve.
    Exterior Features

    Exterior Stucco Foundation Slab Roof Composition Streets Paved Type Or Style 1 StoryTraditional Unit1 Parking 0 Unit2 Parking 0 Unit3 Parking 0 Unit4 Parking 0

    Interior Features

    Cooling Window/Refrigerated Heating Panel Ray Unit1 Baths 1.00 Unit1 Bedrooms 1 Unit1 Features Ceiling Fan(S)Electric Range/OvenRefrigerator Unit2 Baths 0.00 Unit2 Bedrooms 0 Unit3 Baths 0.00 Unit3 Bedrooms 0 Unit4 Baths 0.00 Unit4 Bedrooms 0 Unit5 Baths 0.00 Unit5 Bedrooms 0 Unit6 Baths 0.00 Unit6 Bedrooms 0 Unit7 Baths 0.00 Unit7 Bedrooms 0 Unit8 Baths 0.00 Unit8 Bedrooms 0

    Property Features

    Est Annual Taxes 0 Gross Income 0.00 Lot Size Source (Measured) Multifamily Type Garden/Low-Rise Proposed Financing CashConventionalVa Sq Ft Source Measured Unit1 Income 0.00 Unit2 Income 0.00 Unit3 Income 0.00 Unit4 Income 0.00 Unit5 Income 0.00 Unit6 Income 0.00 Unit7 Income 0.00 Unit8 Income 0.00

    Listing provided courtesy of Mark Murray of Keller Williams Realty. Listing information © 2019 Lubbock Association of REALTORS® MLS.
    © 2019 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2019-12-07T23:59:58.933.
     
    Stacey Rogers Real Estate Group at Keller Williams Realty
    10210 Quaker Avenue
    Lubbock TX, 79424