Multifamily Property for Sale in Lubbock, TX

  • Price: $609K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Lubbock, TX 79412
  • Size: 7,955 SF
  • Year built: 2022

Description

Fully Renovated 12-Unit Apartment Complex in South Lubbock, Texas We are thrilled to present a fantastic investment opportunity in the heart of South Lubbock, Texas. This meticulously renovated 12-unit apartment complex is a turnkey property, featuring modern upgrades and excellent tenant occupancy. Property Highlights: Location: Situated in the vibrant community of South Lubbock, this complex enjoys easy access to major amenities, schools, parks, and entertainment options. Renovated Interiors: Each of the 12 units boasts brand new laminate flooring and fresh paint, creating a modern and inviting atmosphere for tenants. Strong Tenant Base: With 11 of the 12 units currently occupied, this complex showcases its appeal to renters, providing a reliable and immediate income stream for investors. Low Maintenance: Recent renovations mean minimal maintenance costs, allowing for hassle-free property management. Income Potential: The well-maintained property and excellent location contribute to solid rental income potential, making this complex an attractive addition to any investment portfolio. Building SF: 7955 | Year Built: 2022 | Listing Type: FOR SALE

Market Context

This multifamily in Lubbock, TX is listed for sale at $609,000 across 7,955 SF. It is offered at an approximate 10.0% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 2022. It has been on the market for 38 days. Compare it against other multifamily listings for sale in Lubbock, TX — <a href="/search/sale/multifamily/texas/lubbock">view the full market</a>.

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