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1702 26th St
Lubbock, TX 79411
Kentwood Apartments · Multifamily Property For Sale
·
22 Units
PROPERTY FACTS
| No. Units | 22 | Building Size | 21,352 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1955/2015 |
| Building Class | C | Parking Ratio | 3.56/1,000 SF |
| Lot Size | 0.76 AC | ||
| Zoning | B2 | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.76 AC |
| Building Size | 21,352 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built/Renovated | 1955/2015 |
| Parking Ratio | 3.56/1,000 SF |
| Zoning | B2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Yard
- Grill
- Family Room
- Lawn
SITE AMENITIES
- Courtyard
- Laundry Facilities
ABOUT 1702 26TH ST , LUBBOCK, TX 79411
Wonderful investment opportunity with this quaint & well-maintained 22-unit apartment building. The Kentwood complex has very strong cash-flow (CAP rate: 9.18%) PLUS a value-add opportunity and houses 8 one-bed/one-bath units and 13 two-bed/2-bath units & one 3bed/2bath unit, all of which remain rented at a 98% capacity. Built in 1955, this 2-story brick exterior is low-maintenance with a new composition shingle roof. This property boasts a prime central location off Avenue Q, covered tenant parking, on-site laundry facility, covered breezeway access to all units and a grass courtyard with BBQ grills for community use. Great updates include 1 year old roof, 15 remodeled units, conversion to HVAC in 19 units, updated electrical and plumbing throughout and updated appliances.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 13 | $650.00 | 800 - 900 |
| 1+1 | 8 | $550.00 | 600 - 700 |
| 3+2 | 1 | $750.00 | 1,000 |
