6402 Albany Ave | Lubbock, TX 79424
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- LoopNet Team
6402 Albany Ave
Lubbock, TX 79424
Birchwood · Multifamily Property For Sale
·
212 Units
INVESTMENT HIGHLIGHTS
- Distressed Sale - ~$53,000/Unit
- All New Roofs in 2019
- $63,000+ Median Area Income - CoStar
- Opportunity to Increase Occupancy - Currently at 33% - $100/Unit/Month Proven Rent Bumps with Renovating Units
- $7MM+ In Improvement Upside
- Sits on the Access Road of Lubbock’s Primary Loop-289 (20,200+ VPD)
PROPERTY FACTS
| No. Units | 212 | Building Size | 168,164 SF |
| Property Type | Multifamily | Average Occupancy | 81% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1977/2007 |
| Building Class | B | Parking Ratio | 2.24/1,000 SF |
| Lot Size | 8.15 AC | ||
| Zoning | B2 - Duplex | ||
| No. Units | 212 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 8.15 AC |
| Building Size | 168,164 SF |
| Average Occupancy | 81% |
| No. Stories | 2 |
| Year Built/Renovated | 1977/2007 |
| Parking Ratio | 2.24/1,000 SF |
| Zoning | B2 - Duplex |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Yard
- Dining Room
- Patio
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Grill
- Maintenance on site
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 64 | - | 540 |
| 1+1 | 100 | - | 635 - 688 |
| 2+2 | 48 | - | 925 |
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