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1901 41st St
Lubbock, TX 79412
Clapp Park Apartments · Multifamily Property For Sale
·
11 Units
PROPERTY FACTS
| No. Units | 11 | Lot Size | 0.38 AC |
| Property Type | Multifamily | Building Size | 6,537 SF |
| Property Subtype | Apartment | Average Occupancy | 91% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built | 1973 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 6,537 SF |
| Average Occupancy | 91% |
| No. Stories | 1 |
| Year Built | 1973 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
ABOUT 1901 41ST ST , LUBBOCK, TX 79412
Clapp Park Apartments is an 11 unit one-story property that would be ideal for a local owner expanding their portfolio or as a first time multifamily investment opportunity. Current owners have transitioned tenants to RUBS where they're paying their portion of the utilities now. They've also updated 7 of the units so far. Some of the updates include: counters, flooring, paint, shower kits, and doors. The new owner could continue updating the units as they become available, raise rents, and continue to switch the remaining tenants to RUBS.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $450.00 | 325 |
| 1+1 | 9 | $550.00 | 565 |
| 2+1 | 1 | $650.00 | 800 |
