2102 34th St | Lubbock, TX 79411
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2102 34th St
Lubbock, TX 79411
Auction - Siena Townhomes | $351K NOI · Multifamily Property For Sale
·
92 Units
INVESTMENT HIGHLIGHTS
- STARTING BID $1,750,000 | $351K NOI | AUCTION SEPTEMBER 27-29, 2022
- (76) 2-Bedroom Townhomes, (16) 2-Bedroom Flats, and (1) 4-Bedroom Unit
- ±94% Leased with Upside Potential via Washer/Dryer Installations with $113 Premium per Unit
- 93-Unit Multi-Family Property Spread Across Four 2-Story Buildings ±1.8 Miles from Texas Tech University
- Full Roof Replacement in 2021 | Current Rents are More than 6% Below Market Average of $844
- Dense Demographics with ±199,452 Individuals and Avg Household Income of ±$64,355 (5-Mile Radius)
PROPERTY FACTS
| No. Units | 92 | Construction Status | Under Renovation |
| Property Type | Multifamily | Building Size | 83,350 SF |
| Property Subtype | Apartment | Average Occupancy | 60% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1957/2026 |
| Lot Size | 4.06 AC | Parking Ratio | 2.16/1,000 SF |
| Zoning | B2 - Commercial | ||
| No. Units | 92 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.06 AC |
| Construction Status | Under Renovation |
| Building Size | 83,350 SF |
| Average Occupancy | 60% |
| No. Stories | 2 |
| Year Built/Renovated | 1957/2026 |
| Parking Ratio | 2.16/1,000 SF |
| Zoning | B2 - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Washer/Dryer Hookup
- Heating
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Carpet
- Yard
- Patio
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Walking/Biking Trails
- Maintenance on site
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 92 | - | 710 - 800 |
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