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Spanish Haven 2300 S 8th St 72 Unit Apartment Building $2,750,000 ($38,194/Unit) Lamesa, TX 79331
INVESTMENT HIGHLIGHTS
- Value add
- ready laundrymat
- Quiet area
EXECUTIVE SUMMARY
Prime investment 72 unit complex in Lamesa, Texas between Midland and Lubbock. Across from an elementary school, with fields surround it. Oil rich area that brings in lots of contractors. 33% occupied means huge value add potential. Tile downstairs, vinyl upstairs, central heat/AC, individual hot water heaters. Office with laundromat space ready. Perfect flip opportunity!
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Trash Pickup - Curbside
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | $795.00 | 545 |
| 2+1 | 24 | $895.00 | 877 |
| 3+1.5 | 32 | $995.00 | 1,050 |
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PROPERTY TAXES
| Parcel Number | 7861 | Improvements Assessment | $465,040 |
| Land Assessment | $56,270 | Total Assessment | $521,310 |
PROPERTY TAXES
Parcel Number
7861
Land Assessment
$56,270
Improvements Assessment
$465,040
Total Assessment
$521,310
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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STREET VIEW
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Presented by
Baker Land Management
Spanish Haven | 2300 S 8th St
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