1901 41st Street

    Lubbock, TX 79412
    • $430,000
    • STATUS: Active
    • ON SITE: 64 days
    • MLS #: 201810977
    UPDATED: 28 min ago
    $430,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,537
      SQFT
    • $66
      $/SQFT
    Neighborhood:
    204
    Type:
    Multi-Family
    Built:
    1973
    County:
    Area:
    2

    School Information

    Elementary School:
    Middle School:
    School District:

    Description

    Clapp Park Apartments is an 11 unit one-story property that would be ideal for a local owner expanding their portfolio or as a first time multifamily investment opportunity. Current owners have transitioned tenants to RUBS where they're paying their portion of the utilities now. They've also updated 7 of the units so far. Some of the updates include: counters, flooring, paint, shower kits, and doors. The new owner could continue updating the units as they become available, raise rents, and continue to switch the remaining tenants to RUBS.

    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/90181498

    1901 41st Street Lubbock, TX 79412

    • Price: $430,000
    • Status: Active
    • Updated: 28 min ago
    • MLS #: 201810977
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    6,537
    SQFT
    $66
    $/SQFT
    1973
    Built
    Neighborhood:
    204
    County:
    Lubbock
    Area:
    2
    Elementary School:
    Brown
    Middle School:
    Slaton
    School District:
    Lubbock Isd
    Property Description
    Clapp Park Apartments is an 11 unit one-story property that would be ideal for a local owner expanding their portfolio or as a first time multifamily investment opportunity. Current owners have transitioned tenants to RUBS where they're paying their portion of the utilities now. They've also updated 7 of the units so far. Some of the updates include: counters, flooring, paint, shower kits, and doors. The new owner could continue updating the units as they become available, raise rents, and continue to switch the remaining tenants to RUBS.
    Exterior Features

    Exterior Brick Foundation Slab Roof Composition Streets Corner LotPaved Alley Type Or Style 1 Story Unit1 Parking 0 Unit2 Parking 0 Unit3 Parking 0 Unit4 Parking 0

    Interior Features

    Cooling Central Electric Heating Central Gas Unit1 Baths 1.00 Unit1 Bedrooms 2 Unit1 Features Ceiling Fan(S)DishwasherElectric Range/OvenLaundry FacilitiesWindow Coverings 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 6173 Gross Income 0.00 Lot Size Source (Tax Data) Multifamily Type Garden/Low-Rise Proposed Financing CashConventional Sq Ft Source Tax Data Tenant Pays Other Term Of Tenancy Other Unit1 Income 650.00 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 Greg Brownd of Keller Williams 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