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6501 Avenue R 4 Unit Apartment Building $290,000 ($72,500/Unit) Lubbock, TX 79412
Investment Highlights
- Excellent multi-family investment offering two duplex buildings situated on a 0.42-acre lot.
- Solid brick construction complemented by composition roofing ensures lasting durability and low maintenance.
- Each unit is thoughtfully designed with 2 bedrooms, 1 bathroom, and an attached carport for convenient parking.
- Equipped with central heating and cooling along with natural gas heating for year-round comfort.
Executive Summary
Excellent multi-family investment opportunity with two duplexes each containing two units with 2/1/1 carport.
Property Facts
| Price | $290,000 | Building Class | C |
| Price Per Unit | $72,500 | Lot Size | 0.42 AC |
| Sale Type | Investment | Building Size | 3,952 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1968 |
| Apartment Style | Low-Rise | Parking Ratio | 3.54/1,000 SF |
| Zoning | MF - Mulit-family | ||
| Price | $290,000 |
| Price Per Unit | $72,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 3,952 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1968 |
| Parking Ratio | 3.54/1,000 SF |
| Zoning | MF - Mulit-family |
Amenities
Unit Amenities
- Air Conditioning
- Heating
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 988 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R134709 | Improvements Assessment | $257,081 |
| Land Assessment | $6,720 | Total Assessment | $263,801 |
Property Taxes
Parcel Number
R134709
Land Assessment
$6,720
Improvements Assessment
$257,081
Total Assessment
$263,801
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Contact the Sale Advisor
6501 Avenue R