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7401 Avenue X 4 Unit Apartment Building $299,900 ($74,975/Unit) Lubbock, TX 79423
Executive Summary
This professionally managed quadplex in South Lubbock offers a turnkey investment opportunity with $2,625/month in current rents. Located just off University Avenue and near South Loop 289, the property provides quick access to major roads, Texas Tech, and nearby restaurants and shopping. Each unit offers 2 bedrooms, and 1 bathrooms with some updates throughout. With stable occupancy and desirable rental units in a consistently leased area, this is a solid, income-producing asset in a great location. This property can also be purchased as a package with 7405 Ave X and 7405 Waco Ave.
Property Facts
| Price | $299,900 | Lot Size | 0.25 AC |
| Price Per Unit | $74,975 | Building Size | 3,634 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1981 |
| Property Subtype | Apartment | Parking Ratio | 2.75/1,000 SF |
| Building Class | C |
| Price | $299,900 |
| Price Per Unit | $74,975 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 3,634 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1981 |
| Parking Ratio | 2.75/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R82786 | Improvements Assessment | $204,455 |
| Land Assessment | $5,346 | Total Assessment | $209,801 |
Property Taxes
Parcel Number
R82786
Land Assessment
$5,346
Improvements Assessment
$204,455
Total Assessment
$209,801
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7401 Avenue X
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