Skip To Content

2306 Fir Avenue

Lubbock, TX 79404
  • $782,215
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 202406709
UPDATED: 126 min ago
$782,215
  • 10
    BEDS
  • 0.42
    ACRES
  • 9
    BATHS
  • 0
    1/2 BATHS
  • 5,109
    SQFT
  • $153
    $/SQFT
Neighborhood:
211
Type:
Multi-Family
Built:
1963
County:
Area:
2

School Information

Elementary School:
Middle School:
High School:
School District:

Description

For sale 2306 Fir Avenue, Lubbock, TX 79404 - 14-unit apartment complex We are thrilled to present a new investment opportunity in Lubbock's Wheelock neighborhood. This remodeled 14-unit apartment is an upgraded property featuring new plumbing, HVACs, electrical wiring, kitchenettes, appliances, bathrooms, new roof, etc. Each unit features new laminate flooring, fresh paint, new kitchenettes, new light fixtures, and more that tenants love! Low long-term maintenance, as the Seller has upgraded just about everything. Property has a gated entryway (locked), security cameras, and an on-site laundry facility. As of today, 10 of the 14 units are occupied and cash-flowing, offering a Buyer to go in and lease up the vacant units. Asking Price: $782,215 ($55,872/unit) Current NOI (est.): $51,105; Pro-Forma NOI: $70,374 Actual CAP Rate: 6.5%; Pro-Forma CAP Rate: 9.0%

Monthly Payment Calculator



© 2024 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: 2024-05-19T21:59:46.61.
www.mylbk.com/homes/150392443
Print Image

2306 Fir Avenue Lubbock, TX 79404

  • Price: $782,215
  • Status: Active
  • On Site: 10 Days
  • Updated: 126 min ago
  • MLS #: 202406709
10
Beds
9
Baths
0
½ Baths
0.42
Acres
5,109
SQFT
$153
$/SQFT
1963
Built
Neighborhood:
211
County:
Lubbock
Area:
2
Elementary School:
Ervin
Middle School:
Dunbar College Prepa
High School:
Estacado
School District:
Lubbock Isd
Property Description
For sale 2306 Fir Avenue, Lubbock, TX 79404 - 14-unit apartment complex We are thrilled to present a new investment opportunity in Lubbock's Wheelock neighborhood. This remodeled 14-unit apartment is an upgraded property featuring new plumbing, HVACs, electrical wiring, kitchenettes, appliances, bathrooms, new roof, etc. Each unit features new laminate flooring, fresh paint, new kitchenettes, new light fixtures, and more that tenants love! Low long-term maintenance, as the Seller has upgraded just about everything. Property has a gated entryway (locked), security cameras, and an on-site laundry facility. As of today, 10 of the 14 units are occupied and cash-flowing, offering a Buyer to go in and lease up the vacant units. Asking Price: $782,215 ($55,872/unit) Current NOI (est.): $51,105; Pro-Forma NOI: $70,374 Actual CAP Rate: 6.5%; Pro-Forma CAP Rate: 9.0%
Exterior Features

Carport Spaces 0 Exterior Other Foundation Details Slab Parking Off Street Pool Private YN No Streets All Weather

Interior Features

Building Area Total 5109 Cooling Window/Refrigerated Heating Central Electric Unit1 Bathrooms 0 Unit1 Bedrooms 0 Unit1 Features Laundry Facilities Unit1 Sq Ft 0 Unit2 Bathrooms 0 Unit2 Bedrooms 0 Unit2 Sq Ft 0 Unit3 Bathrooms 0 Unit3 Bedrooms 0 Unit3 Sq Ft 0 Unit4 Bathrooms 0 Unit4 Bedrooms 0 Unit4 Sq Ft 0

Property Features

Association Fee 0 Association YN No Gross Income 0 Lot Size Source (Tax Data) Property Sub Type Mid/High-Rise Proposed Financing CashConventional Tax Annual Amount 0 Unit1 Income 0 Unit2 Income 0 Unit3 Income 0 Unit4 Income 0

Listing provided courtesy of Rohit Mittal of eXp Realty LLC: . Listing information © 2024 Lubbock Association of REALTORS® MLS.


© 2024 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: 2024-05-19T21:59:46.61.
 
https://bt-photos.global.ssl.fastly.net/lubbock/1280_boomver_1_192139-2.jpg https://bt-photos.global.ssl.fastly.net/lubbock/1280_boomver_1_192139-2.jpg https://bt-photos.global.ssl.fastly.net/lubbock/1280_boomver_1_192139-2.jpg
Logo
Lyons Realty
3805 146th Street
Lubbock TX, 79423