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Listing 16 out of 1,539
$939,000 For Sale

1702 26th Street
Lubbock, TX 79411

Multi Family Home
0.76 acres - MLS# 201900234
Property Photo
1/12

Description

Wonderful investment opportunity with this quaint & well-maintained 22-unit apartment building. The Kentwood complex has very strong cash-flow (CAP rate: 9.39%) PLUS a value-add opportunity and houses 8 one-bed/one-bath units and 15 two-bed/2-bath units & 1 3bed/2bath unit that remain rented at a 98% capacity. This property boasts a prime central location off Avenue Q, covered tenant parking, on-site laundry facility, covered breezeway access to all units and a grass courtyard with BBQ grills for community use. Great updates include 1 year old roof, 15 remodeled units, conversion to HVAC in 19 units, updated electrical and plumbing throughout. Call for a private tour today!

Features

  • Property Type: Multi Family Home
  • Sub Type: Garden/Low-Rise
  • Listing Status: Active
  • County/Area: Lubbock County
  • Zip Code: 79411
  • Year Built: 1955
  • School District: Lubbock ISD
  • Sq.Ft.: 21,352 sq ft
  • Style: 2 Story
  • Stories: 2 Story
  • Bedrooms: 2
  • Full Baths: 2
  • Lot Size: 0.76 acres
  • Baths: 2
  • Cooling: Central Electric
  • Exterior: Brick
  • Foundation: Slab
  • Gross Income: 142680.00
  • Heat: Central Gas
  • Lot Measurement: SqFt
  • Lot Size Source: (Tax Data)
  • Lot Size [SqFt]: 32900.00
  • Misc. Exterior: BBQ Grill, Covered Parking, Fenced, Landscaped, Patio-Covered
  • Roof: Composition
  • Roof Cmts: New Roof - 1.5 years old
  • Square Footage Source: Tax Data
  • Streets: All Weather, Corner Lot
  • Sub Zone: 201
  • Tenant Pays: Cable TV, Electricity, Gas, Internet
  • Tenant Pays Cmts: Owner pays water & trash
  • Terms of Tenancy: 1 Year Lease, 6 Month Lease, Month to Month
  • Unit 1 Bathrooms: 2.00
  • Unit 1 Bedrooms: 2
  • Unit 1 Features: Ceiling Fan(s), Dishwasher, Electric Range/Oven
  • Unit 1 Occupied: Yes
  • Unit 1 SqFt: 650
  • Zone: 2
Courtesy of Amy Tapp Realty, Charity Leeson

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Debora Perez-Ruiz
Lubbock, TX 79413
 Office:  806-795-7794
Cell:   806-535-3016
Email: debora@deboralopez.com
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