This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
2101 16th St
Lubbock, TX 79401
Nomad Apartments · Multifamily Property For Sale
·
19 Units
Property Facts
| No. Units | 19 | Building Size | 12,080 SF |
| Property Type | Multifamily | Average Occupancy | 26% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1974 |
| Building Class | C | Parking Ratio | 1.82/1,000 SF |
| Lot Size | 0.44 AC | ||
| Zoning | B2 | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 12,080 SF |
| Average Occupancy | 26% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | B2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
About 2101 16TH ST , LUBBOCK, TX 79401
19 total units in desirable South Overton. This 19 unit complex is only 1/3 mile from Texas Tech University. The area is full of small families and college students and the unit mix includes a little of both. This garden low rise complex has low maintenance landscaping and a courtyard for the tenants to enjoy. The unit mix consists of 10 two bedroom one bath units and 9 one bedroom and one bath units. All have central air and heat. The complex utilizes ratio utility billing for the water and sewer, trash, and gas. Tenants pay their own electric and electric is in their own name. There is a laundry facility on site. The rents are competitive for the area but there is room to increase the rents for a value add to a new owner. Good cash flow with great potential. Complex stays rented year round. New boiler in 2017. Sellers very firm on price so serious inquiries only.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $495.00 | 575 - 672 |
| 2+1 | 9 | $550.00 | 757 |
Property Taxes
| Parcel Number | R39521 | Improvements Assessment | $644,875 |
| Land Assessment | $19,125 | Total Assessment | $664,000 |
Property Taxes
