1702 26th Street, Lubbock TX 79411

$ 939,000

1702 26th Street, Lubbock TX 79411
  • MLS #: 201900234
  • County: Lubbock
  • City: Lubbock
  • Area: 21352.00 sq ft
  • Zip: 79411
  • Date added: 01/12/19
  • Style: 2 Story
  • Bedrooms: 2
  • Half Bathrooms: 0
  • Lot size: 32900.00 sq ft
  • Bathrooms: 2
  • Type:
  • Status:
  • Acres: 0.76
  • Age: 0

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 15 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!

  • Legal Description: ONEALL TERRACE ANNEX BLK 17 L 1-4

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General Features

  • Zone: 2
  • Corporate License #: 488756
  • Concession Amount: 1800-01-01 0.00
  • Lease Type: Net
  • Cooling: Central Electric
  • Energy Features: None
  • Licensed Supervisor: Amy Tapp
  • School District: Lubbock ISD

Taxes & Fees

  • Tax ID : R74320

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