1612 Avenue Y | Lubbock, TX 79401
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1612 Avenue Y
Lubbock, TX 79401
Raider Lofts · Multifamily Property For Sale
·
101 Units
Investment Highlights
- PREMIER STUDENT HOUSING LOCATION
- PREMIER LUBBOCK LOCATION
- UPSIDE THROUGH COMPLETING RENOVATION
- GROWING TEXAS TECH ENROLLMENT
- DECREASING PROPERTY COMPETITION IN THE MARKET
- UTILITY COST SAVINGS THROUGH WATER CONSERVATION
Property Facts
| No. Units | 101 | Building Size | 60,024 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1967/2018 |
| Building Class | C | Parking Ratio | 1.89/1,000 SF |
| Lot Size | 1.04 AC | ||
| Zoning | MDR | ||
| No. Units | 101 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.04 AC |
| Building Size | 60,024 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built/Renovated | 1967/2018 |
| Parking Ratio | 1.89/1,000 SF |
| Zoning | MDR |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Carpet
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Furnished Units Available
- Grocery Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 45 | - | 275 |
| 1+1 | 49 | - | 550 |
| 2+1 | 2 | - | 800 |
| 2+2 | 5 | - | 1,200 |
Property Taxes
| Parcel Number | R68904 | Improvements Assessment | $3,051,000 |
| Land Assessment | $91,000 | Total Assessment | $3,142,000 |
Property Taxes
Parcel Number
R68904
Land Assessment
$91,000
Improvements Assessment
$3,051,000
Total Assessment
$3,142,000
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