1702 26th Street

    Lubbock, TX 79411
    • $939,000
    • STATUS: Active
    • ON SITE: 43 days
    • MLS #: 201900234
    UPDATED: 41 min ago
    $939,000
    • 0
      BEDS
    • 0.76
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 21,352
      SQFT
    • $44
      $/SQFT
    Neighborhood:
    201
    Type:
    Multi-Family
    Built:
    1955
    County:
    Area:
    2

    School Information

    Elementary School:
    Middle School:
    High School:
    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 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!

    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: 2019-02-23T11:59:19.617.
    www.mcdougalhomesearch.com/homes/90772253

    1702 26th Street Lubbock, TX 79411

    • Price: $939,000
    • Status: Active
    • Updated: 41 min ago
    • MLS #: 201900234
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.76
    Acres
    21,352
    SQFT
    $44
    $/SQFT
    1955
    Built
    Neighborhood:
    201
    County:
    Lubbock
    Area:
    2
    Elementary School:
    Ramirez Charter Scho
    Middle School:
    Hutchinson
    High School:
    Lubbock
    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 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!
    Exterior Features

    Exterior Brick Exterior Features Bbq GrillCovered ParkingFencedLandscapedPatio-Covered Foundation Slab Roof Composition Streets All WeatherCorner Lot Type Or Style 2 Story Unit1 Parking 0 Unit2 Parking 0 Unit3 Parking 0 Unit4 Parking 0

    Interior Features

    Cooling Central Electric Equipment None Heating Central Gas Unit1 Baths 2.00 Unit1 Bedrooms 2 Unit1 Features Ceiling Fan(S)DishwasherElectric Range/Oven 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

    Energy Features None Est Annual Taxes 14424 Gross Income 142680.00 HOA No Lot Size Source (Tax Data) Multifamily Type Garden/Low-Rise Proposed Financing CashConventional Sq Ft Source Tax Data Tenant Pays Cable TvElectricityGasInternet 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 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: 2019-02-23T11:59:19.617.
     
    McDougal Realtors
    5001 W. Loop 289
    Lubbock TX, 79414