2301 50th St | Lubbock, TX 79412
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- LoopNet Team
2301 50th St
Lubbock, TX 79412
Ashwood Court | Near Texas Tech University · Multifamily Property For Sale
·
51 Units
INVESTMENT HIGHLIGHTS
- Ashwood Court presents a 34,680-SF, 51-unit, garden-style multifamily community in a renter-centric area in Lubbock, Texas.
- Potential to grow revenue through upgrades, water conservation, pet rent, and parking charges makes this a true value-add investment opportunity.
- Conveniently situated close to Texas Tech University and numerous amenities, including Clapp Park, Caprock Shopping Center, and more.
- Desirable unit layouts with premium interior features such as fully equipped kitchens, vinyl wood flooring, and considerable bedroom sizes.
PROPERTY FACTS
| Sale Condition | Auction Sale | Lot Size | 1.64 AC |
| Type of Ownership | Fee Simple | Building Size | 37,238 SF |
| No. Units | 51 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1952 |
| Apartment Style | Garden | Parking Ratio | 0.46/1,000 SF |
| Building Class | C | Parcel Number | R133179 |
| Zoning | A-2 | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 51 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.64 AC |
| Building Size | 37,238 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 0.46/1,000 SF |
| Zoning | A-2 |
| Parcel Number | R133179 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Playground
- Tenant Controlled HVAC
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | 600 |
| 2+1 | 27 | - | 865 |
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