2101 16th Street

    Lubbock, TX 79401
    • $775,000
    • STATUS: Active
    • ON SITE: 26 days
    • MLS #: 201809119
    UPDATED: 60 min ago
    $775,000
    • 0
      BEDS
    • 0.44
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,080
      SQFT
    • $64
      $/SQFT
    Neighborhood:
    108
    Type:
    Multi-Family
    Built:
    1974
    County:
    Area:
    1

    School Ratings & Info

    School District:

    Description

    19 total units in desirable South Overton. This 19 unit complex is only 1/3 mile from Texas Tech University. The area is full of small families and college students and the unit mix includes a little of both. This garden low rise complex has low maintenance landscaping and a courtyard for the tenants to enjoy. The unit mix consists of 10 two bedroom one bath units and 9 one bedroom and one bath units. All have central air and heat. The complex utilizes ratio utility billing for the water and sewer, trash, and gas. Tenants pay their own electric and electric is in their own name. There is a laundry facility on site. The rents are competitive for the area but there is room to increase the rents for a value add to a new owner. Good cash flow with great potential. Complex stays rented year round. New boiler in 2017.

    Monthly Payment Calculator

    © 2018 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: 2018-11-13T22:58:55.293.
    www.mylbk.com/homes/88637439

    2101 16th Street Lubbock, TX 79401

    • Price: $775,000
    • Status: Active
    • Updated: 60 min ago
    • MLS #: 201809119
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.44
    Acres
    12,080
    SQFT
    $64
    $/SQFT
    1974
    Built
    Neighborhood:
    108
    County:
    Lubbock
    Area:
    1
    School District:
    Lubbock Isd
    Property Description
    19 total units in desirable South Overton. This 19 unit complex is only 1/3 mile from Texas Tech University. The area is full of small families and college students and the unit mix includes a little of both. This garden low rise complex has low maintenance landscaping and a courtyard for the tenants to enjoy. The unit mix consists of 10 two bedroom one bath units and 9 one bedroom and one bath units. All have central air and heat. The complex utilizes ratio utility billing for the water and sewer, trash, and gas. Tenants pay their own electric and electric is in their own name. There is a laundry facility on site. The rents are competitive for the area but there is room to increase the rents for a value add to a new owner. Good cash flow with great potential. Complex stays rented year round. New boiler in 2017.
    Exterior Features

    Exterior BrickWood Foundation Slab Roof FoamOther Streets Paved Type Or Style 2 Story Unit1 Parking 0 Unit2 Parking 0 Unit3 Parking 0 Unit4 Parking 0

    Interior Features

    Cooling Central Electric Heating Central Electric Unit1 Baths 0.00 Unit1 Bedrooms 0 Unit1 Features Ceiling Fan(S)DishwasherDryer IncludedElectric Range/OvenLaundry FacilitiesRefrigeratorWasher Included Unit2 Baths 0.00 Unit2 Bedrooms 0 Unit3 Baths 0.00 Unit3 Bedrooms 0 Unit4 Baths 0.00 Unit4 Bedrooms 0 Unit5 Baths 0.00 Unit5 Bedrooms 0 Unit6 Baths 0.00 Unit6 Bedrooms 0 Unit7 Baths 0.00 Unit7 Bedrooms 0 Unit8 Baths 0.00 Unit8 Bedrooms 0

    Property Features

    Est Annual Taxes 15991 Gross Income 99000.00 HOA No Lot Size Source (Tax Data) Multifamily Type Garden/Low-Rise Proposed Financing CashConventionalFha Sq Ft Source Tax Data Tenant Pays All Utilities Term Of Tenancy 1 Year Lease6 Month LeaseMonth To Month Unit1 Income 0.00 Unit2 Income 0.00 Unit3 Income 0.00 Unit4 Income 0.00 Unit5 Income 0.00 Unit6 Income 0.00 Unit7 Income 0.00 Unit8 Income 0.00

    Listing provided courtesy of Scott Toman of Re/Max Lubbock. Listing information © 2018 Lubbock Association of REALTORS® MLS.
    © 2018 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: 2018-11-13T22:58:55.293.
     
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