Historical Multifamily Sale Listing - Park Terrace Apartments

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Park Terrace Apartments

2401 45th Street, Lubbock, TX 79412

N/A

33 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
33
Building Size:
25,640 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
9.63%
Occupancy:
90%
Lot Size:
38,513 SF
APN / Parcel ID:
R122162
Listing ID
17301299
Last Updated
over 1 year ago

Description

**PRICE LOWERED** 33 Apartments on two floors with 1 three Bedroom, 22 two bedrooms and 10 one bedrooms units with one bath each. The Three bedroom unit is over 1600 Sq Ft and has two baths and a large laundry room. Pay for use laundry facilities located on the 2nd floor of complex with 4 washer and 4 dryers. Apartment built in 1962 and we are the second owner. Approximately 20 off-street parking places with about 12 curb side parking places. Unit adjacent to large citty park and swimming pool. $530,000.00 assumable loan. Price lowered $90,000.00

Located just east of University Ave on 45th Street which is less than 2 miles from TTU campus. Next to large City park with swimming pool on.

Map of 2401 45th Street, Lubbock, TX 79412 (Lubbock County)

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Created 8/22/2011