1702 26th Street

    Lubbock, TX 79411
    • $939,000
    • STATUS: Active
    • ON SITE: 38 days
    • MLS #: 201900362
    UPDATED: 52 min ago
    $939,000
    • 0
      BEDS
    • 0.76
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 21,352
      SQFT
    • $44
      $/SQFT
    Neighborhood:
    201
    Type:
    Commercial
    County:
    Area:
    2

    School Ratings & Info

    School District:

    Description

    Wonderful investment opportunity with this quaint & well-maintained 22-unit apartment building. The Kentwood complex has very strong cash-flow (CAP rate: 9.39%) PLUS a value-add opportunity and houses 8 one-bed/one-bath units and 13 two-bed/2-bath units & 1 3bed/2bath unit that remain rented at a 98% capacity. This property boasts a prime central location off Avenue Q, covered tenant parking, on-site laundry facility, covered breezeway access to all units and a grass courtyard with BBQ grills for community use. Great updates include 1 year old roof, 15 remodeled units, conversion to HVAC in 19 units, updated electrical and plumbing throughout. Call for a private tour today!

    Monthly Payment Calculator

    © 2019 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2019-02-22T22:59:37.38.
    www.mylbk.com/homes/90837058

    1702 26th Street Lubbock, TX 79411

    • Price: $939,000
    • Status: Active
    • Updated: 52 min ago
    • MLS #: 201900362
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.76
    Acres
    21,352
    SQFT
    $44
    $/SQFT
    Neighborhood:
    201
    County:
    Lubbock
    Area:
    2
    School District:
    Lubbock Isd
    Property Description
    Wonderful investment opportunity with this quaint & well-maintained 22-unit apartment building. The Kentwood complex has very strong cash-flow (CAP rate: 9.39%) PLUS a value-add opportunity and houses 8 one-bed/one-bath units and 13 two-bed/2-bath units & 1 3bed/2bath unit that remain rented at a 98% capacity. This property boasts a prime central location off Avenue Q, covered tenant parking, on-site laundry facility, covered breezeway access to all units and a grass courtyard with BBQ grills for community use. Great updates include 1 year old roof, 15 remodeled units, conversion to HVAC in 19 units, updated electrical and plumbing throughout. Call for a private tour today!
    Exterior Features

    Construction Brick Crops No Foundation Slab Lot Improvements Curbs/GuttersSidewalks Parking Spaces 0 Road Frontage City Roof Composition Streets All Weather Wells 0

    Interior Features

    Ceiling Height 0.0 Cooling Central Electric Floors Ceramic TileVinyl/Vct Heating Central Gas Overhead Doors 0 Restrooms 2 Baths

    Property Features

    Commercial Type Package Properties Est Annual Taxes 0.00 Lot Size Source (Tax Data) Mineral Description Surface Only Minerals No Miscellaneous Covered ParkingLandscapedPaved Parking Monthly Lease Rate 0.00 Occupied Yes Proposed Financing CashConventional Restrictions Or Easements Subdivision Restrict Sale Or Lease Sale Security Deposit 0.00 Specific Use Yes Sq Ft Source Tax Data Tenant Pays ElectricGasSecurity Zoning R-1

    Listing provided courtesy of Charity Leeson of Amy Tapp Realty. Listing information © 2019 Lubbock Association of REALTORS® MLS.
    © 2019 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2019-02-22T22:59:37.38.
     
    Lyons Realty
    7021 Kewanee Building 10
    Lubbock TX, 79424