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1107 52nd St
Lubbock, TX 79412
Multifamily Property For Sale
·
16 Units
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
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 | - | - |
Property Taxes
| Parcel Number | R69318 | Improvements Assessment | $350,622 |
| Land Assessment | $19,378 | Total Assessment | $370,000 |
Property Taxes
Parcel Number
R69318
Land Assessment
$19,378
Improvements Assessment
$350,622
Total Assessment
$370,000
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