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7405 Avenue X
Lubbock, TX 79423
Multifamily Property For Sale
·
4 Units
Executive Summary
Fantastic opportunity to own a four unit quadplex in South Lubbock that offers turnkey investment opportunity. Located just off University Avenue and near South Loop 289, this property provides quick access to major roads, Texas Tech, and nearby restaurants and shopping. Each unit offers 2 bedrooms, and 2 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 prime location. This property can also be purchased as a package with 7401 Ave X and 7405 Waco Ave.
Property Facts
| Price Per Unit | $81,225 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 5,364 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1983 |
| Property Subtype | Apartment | Parking Ratio | 2.24/1,000 SF |
| Building Class | C |
| Price Per Unit | $81,225 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 5,364 SF |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 2.24/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+4 | 4 | - | - |
Property Taxes
| Parcel Number | R82732 | Improvements Assessment | $285,943 |
| Land Assessment | $5,316 | Total Assessment | $291,259 |
Property Taxes
Parcel Number
R82732
Land Assessment
$5,316
Improvements Assessment
$285,943
Total Assessment
$291,259
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