2602 82nd St | Lubbock, TX 79423
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2602 82nd St
Lubbock, TX 79423
The Pavilion · Multifamily Property For Sale
·
52 Units
Investment Highlights
- Opportunity to boost NOI by getting rents and occupancy to current market levels
- By implementing the value add plan, you can increase the projected IRR on a 5 year hold from 15.9% to 18.3%
- Implement water conservation value add plan to boost cash flow and property value
- take advantage of great location and frontage along 82nd
Property Facts
| No. Units | 52 | Lot Size | 1.70 AC |
| Property Type | Multifamily | Building Size | 36,016 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1980 |
| Building Class | C | Parking Ratio | 1.22/1,000 SF |
| Zoning | A-1 | ||
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.70 AC |
| Building Size | 36,016 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | A-1 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Freezer
- Smoke Free
- Vinyl Flooring
- Window Coverings
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Tenant Controlled HVAC
- Video Patrol
- Grill
- Media Center/Movie Theatre
- Renters Insurance Program
- Maintenance on site
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 25 | - | 600 |
| 2+2 | 25 | - | 835 |
Property Taxes
| Parcel Number | R34111 | Improvements Assessment | $1,550,693 |
| Land Assessment | $666,900 | Total Assessment | $2,217,593 |
Property Taxes
Parcel Number
R34111
Land Assessment
$666,900
Improvements Assessment
$1,550,693
Total Assessment
$2,217,593
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