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7401 Avenue X
Lubbock, TX 79423
Multifamily Property For Sale
·
4 Units
Executive Summary
This professionally managed quadplex in South Lubbock offers a turnkey investment opportunity with $2,625/month in current rents. Located just off University Avenue and near South Loop 289, the property provides quick access to major roads, Texas Tech, and nearby restaurants and shopping. Each unit offers 2 bedrooms, and 1 bathrooms with some updates throughout. With stable occupancy and desirable rental units in a consistently leased area, this is a solid, income-producing asset in a great location. This property can also be purchased as a package with 7405 Ave X and 7405 Waco Ave.
Property Facts
| Price Per Unit | $105,602 CAD | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 3,634 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1981 |
| Building Class | C | Parking Ratio | 2.75/1,000 SF |
| Price Per Unit | $105,602 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 3,634 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1981 |
| Parking Ratio | 2.75/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
Property Taxes
| Parcel Number | R82786 | Improvements Assessment | $287,973 CAD |
| Land Assessment | $7,530 CAD | Total Assessment | $295,503 CAD |
Property Taxes
Parcel Number
R82786
Land Assessment
$7,530 CAD
Improvements Assessment
$287,973 CAD
Total Assessment
$295,503 CAD
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