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7405 Waco Avenue 7405 Waco Ave 4 Unit Apartment Building $299,900 ($74,975/Unit) Lubbock, TX 79423
Executive Summary
This professionally managed quadplex in South Lubbock offers a turnkey opportunity for any investor or owner occupant. 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. 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 7401 Ave X and 7405 Ave X.
Property Facts Under Contract
| Price | $299,900 | Building Class | C |
| Price Per Unit | $74,975 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 3,048 SF |
| No. Units | 4 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1983 |
| Apartment Style | Low-Rise | Parking Ratio | 3.28/1,000 SF |
| Price | $299,900 |
| Price Per Unit | $74,975 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 3,048 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 3.28/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R82493 | Improvements Assessment | $199,524 |
| Land Assessment | $5,175 | Total Assessment | $204,699 |
Property Taxes
Parcel Number
R82493
Land Assessment
$5,175
Improvements Assessment
$199,524
Total Assessment
$204,699
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Contact the Sale Advisor
7405 Waco Avenue | 7405 Waco Ave