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2116 15th St
Lubbock, TX 79401
Multifamily Property For Sale
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12 Units
Property Facts
| No. Units | 12 | Lot Size | 0.20 AC |
| Property Type | Multifamily | Building Size | 5,600 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1928/2016 |
| Building Class | C |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 5,600 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1928/2016 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
Site Amenities
- Laundry Facilities
About 2116 15TH ST , LUBBOCK, TX 79401
Hard to find multi-unit student housing in historic and gentrifying South Overton area just blocks from Texas Tech. This 12 unit / 13 bed / 12 bath property produces great cash flow, with current use as student housing and airbnb, attracting Tech students and business guests. All units are furnished and many have smart locks. Our laundry room has the ability to track individual usage. Considerable investor upside is still available by rent increases. Appliances are all electric, and utilities are paid by tenants except for wifi. Recent renovations include new electric service, completely renovated interior units, plumbing fixes throughout, all new windows in main building, new laundry room, new doors w/ smart locks, foundation reinforcement steel beams with 50 year warranty on back 2 buildings (Childers Bros) , new roof/gutters on NW building, exterior lighting upgrades. This upgraded property still has meat on the bone for the investor.
Property Taxes
| Parcel Number | R41018 | Improvements Assessment | $394,273 |
| Land Assessment | $22,600 | Total Assessment | $416,873 |
Property Taxes
