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Spanish Haven 2300 S 8th St 72 Unit Apartment Building $3,838,780 CAD ($53,316 CAD/Unit) Lamesa, TX 79331

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INVESTMENT HIGHLIGHTS

Value add
ready laundrymat

Quiet area

EXECUTIVE SUMMARY

Prime investment 72 unit complex in Lamesa, Texas between Midland and Lubbock. Across from an elementary school, with fields surround it. Oil rich area that brings in lots of contractors. 33% occupied means huge value add potential. Tile downstairs, vinyl upstairs, central heat/AC, individual hot water heaters. Office with laundromat space ready. Perfect flip opportunity!

PROPERTY FACTS

Price	$3,838,780 CAD	Building Class	C
Price Per Unit	$53,316 CAD	Lot Size	6.01 AC
Sale Type	Investment	Building Size	63,368 SF
Sale Conditions	Deferred Maintenance High Vacancy Property	Average Occupancy	33%
No. Units	72	No. Stories	2
Property Type	Multifamily	Year Built	1970
Property Subtype	Apartment	Parking Ratio	2.49/1,000 SF
Apartment Style	Garden	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$3,838,780 CAD
Price Per Unit	$53,316 CAD
Sale Type	Investment
Sale Conditions	Deferred Maintenance High Vacancy Property
No. Units	72
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	6.01 AC
Building Size	63,368 SF
Average Occupancy	33%
No. Stories	2
Year Built	1970
Parking Ratio	2.49/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

UNIT AMENITIES

Air Conditioning

Heating

Kitchen

Range

SITE AMENITIES

24 Hour Access

Laundry Facilities

Trash Pickup - Curbside

Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
1+1	16	$1,110 CAD	545
2+1	24	$1,249 CAD	877
3+1.5	32	$1,389 CAD	1,050

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PROPERTY TAXES

Parcel Number	7861	Improvements Assessment	$655,758 CAD
Land Assessment	$79,347 CAD	Total Assessment	$735,104 CAD

PROPERTY TAXES

Parcel Number

7861

Land Assessment

$79,347 CAD

Improvements Assessment

$655,758 CAD

Total Assessment

$735,104 CAD

(817) 269-3819

CONTACT

Jeff Baker
Baker Land Management

Listing ID: 37827220
Date on Market: 2025-09-25
Last Updated:
Address: 2300 S 8th St, Lamesa, TX 79331

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2300 S 8th St, Lamesa, TX for sale Building Photo- Image 1 of 12 — Building Photo

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