2101 16th Street, Lubbock TX 79401

$ 775,000

2101 16th Street, Lubbock TX 79401
  • MLS #: 201809119
  • County: Lubbock
  • City: Lubbock
  • Area: 12080.00 sq ft
  • Zip: 79401
  • Date added: 10/18/18
  • Style: 2 Story
  • Bedrooms: 1
  • Half Bathrooms: 0
  • Lot size: 19125.00 sq ft
  • Bathrooms: 1
  • Type:
  • Status:
  • Acres: 0.44
  • Age: 0

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.

  • Legal Description: OVERTON BLK 51 L 1 THRU 3

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General Features

  • Zone: 1
  • Corporate License #: 514752
  • Concession Amount: 1800-01-01 0.00
  • Lease Type: Net
  • Cooling: Central Electric
  • Licensed Supervisor: Nancy Rawls
  • School District: Lubbock ISD

Taxes & Fees

  • Tax ID : R39521

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