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1107 52nd St 16 Unit Apartment Building For Sale Lubbock, TX 79412
Executive Summary
Rowan Multifamily Advisors is pleased to announce the exclusive listing
of the Kirkwood Apartments in Lubbock, Texas. This 16-unit multifamily
property consists of seven one-bedroom/one-bath units, eight twobedroom/
one-bath units, and one efficiency unit. Eight of the units have
been fully renovated with modern upgrades designed to maximize rental
income. This offering provides a compelling value-add opportunity, with
the remaining eight units available for renovation to further enhance rental
income and drive additional NOI growth.
The Kirkwood Apartments are located at 1107 52nd Street in Lubbock,
Texas, situated within a predominantly residential area with convenient
access to nearby retail, dining, and essential services. The Lubbock market
is supported by several major employment centers, including Texas Tech
University and its associated health sciences programs, Covenant Health
System, University Medical Center, and the Lubbock Independent School
District, among others. These stable employment sectors provide a strong
foundation for consistent rental demand
of the Kirkwood Apartments in Lubbock, Texas. This 16-unit multifamily
property consists of seven one-bedroom/one-bath units, eight twobedroom/
one-bath units, and one efficiency unit. Eight of the units have
been fully renovated with modern upgrades designed to maximize rental
income. This offering provides a compelling value-add opportunity, with
the remaining eight units available for renovation to further enhance rental
income and drive additional NOI growth.
The Kirkwood Apartments are located at 1107 52nd Street in Lubbock,
Texas, situated within a predominantly residential area with convenient
access to nearby retail, dining, and essential services. The Lubbock market
is supported by several major employment centers, including Texas Tech
University and its associated health sciences programs, Covenant Health
System, University Medical Center, and the Lubbock Independent School
District, among others. These stable employment sectors provide a strong
foundation for consistent rental demand
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Sale Type | Investment | Lot Size | 0.59 AC |
| No. Units | 16 | Building Size | 10,789 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1973 |
| Apartment Style | Garden | Parking Ratio | 3.71/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 10,789 SF |
| No. Stories | 1 |
| Year Built | 1973 |
| Parking Ratio | 3.71/1,000 SF |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R69318 | Improvements Assessment | $483,950 CAD |
| Land Assessment | $26,747 CAD | Total Assessment | $510,696 CAD |
Property Taxes
Parcel Number
R69318
Land Assessment
$26,747 CAD
Improvements Assessment
$483,950 CAD
Total Assessment
$510,696 CAD
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1107 52nd St
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