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Listing 1 out of 1,617
$939,000 For Sale

1702 26th Street
Lubbock, TX 79411

Multi Family Home
0.76 acres - MLS# 201900234
Property Photo
1/12

Description

Wonderful investment opportunity with this quaint & well-maintained 22-unit apartment building. The Kentwood complex has very strong cash-flow (CAP rate: 9.18%) 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!

Features

  • Property Type: Multi Family Home
  • Sub Type: Garden/Low-Rise
  • Listing Status: Active
  • County/Area: Lubbock County
  • Zip Code: 79411
  • Year Built: 1955
  • School District: Lubbock ISD
  • Sq.Ft.: 21,352 sq ft
  • Style: 2 Story
  • Stories: 2 Story
  • Bedrooms: 2
  • Full Baths: 2
  • Lot Size: 0.76 acres
  • Baths: 2
  • Cooling: Central Electric
  • Exterior: Brick
  • Foundation: Slab
  • Gross Income: 142680.00
  • Heat: Central Gas
  • Lot Measurement: SqFt
  • Lot Size Source: (Tax Data)
  • Lot Size [SqFt]: 32900.00
  • Misc. Exterior: BBQ Grill, Covered Parking, Fenced, Landscaped, Patio-Covered
  • Roof: Composition
  • Roof Cmts: New Roof - 1.5 years old
  • Square Footage Source: Tax Data
  • Streets: All Weather, Corner Lot
  • Sub Zone: 201
  • Tenant Pays: Cable TV, Electricity, Gas, Internet
  • Tenant Pays Cmts: Owner pays water & trash
  • Terms of Tenancy: 1 Year Lease, 6 Month Lease, Month to Month
  • Unit 1 Bathrooms: 2.00
  • Unit 1 Bedrooms: 2
  • Unit 1 Features: Ceiling Fan(s), Dishwasher, Electric Range/Oven
  • Unit 1 Occupied: Yes
  • Unit 1 SqFt: 650
  • Zone: 2
Courtesy of Amy Tapp Realty, Charity Leeson

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Testimonials Page

As a first time home buyer, the process of looking for my starter home seemed really daunting. Luckily, it was suggested that I call Bo Lance to be my realtor. Bo took care of everything! He was very informative, helpful, and hardworking. Bo made sure to be in contact with me whenever I needed him and answered any questions that I had. He took into consideration many things other realtors would have overlooked. I am so thankful for Bo Lance and the wonderful realtor he turned out to be for me. He really helped make my dreams of home ownership a reality! Thank you, Bo! Taylor Corley
I want to take this time to thank real estate agent Vernie Moore in the recent sale of my deceased mothers home in Lubbock, TX. I have had very little experience in getting a property ready, listing, and the sale of a house. I needed a lot of hand holding and education to get all the things done in a proper time and manner, agent Vernie Moore did all of that. If you are looking for a sincere and personable agent, Vernie Moore and his agency is the one you want. Thank you again, Vernie. Respectfully, Ann Ortt, Orange County, CA
This is my first time selling a property. It was a good one. Monty was always on the ball... Answered every question I had and was quick to respond whether I called or sent an email. He kept me up to speed on the process and I appreciate that in business. So thanks to M. Edwards, Realtors for making this a good experience! Kory Koontz, 19-time National Finals Rodeo Qualifier, TX
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DISCLAIMER:  All property information contained herein is furnished by the owner, or from sources deemed reliable to the best of their knowledge.  It is not guaranteed, and M.Edwards makes no representation, guarantee, or warranty, expressed or implied; nor do we assume any legal liability for its accuracy.  All offerings are subject to change  in price, errors, omissions, prior sales, and/or withdrawal without notice.  Purchaser is solely responsible for verification and all necessary due diligence that may be necessary or required for purchaser’s intended use of subject property.  In accordance with the law, all properties are offered without regard to race, color, gender, creed, national origin,  familial status, or handicap.
NOTE:  The square footage of home and buildings, lot sizes, acreage size, and all property dimensions are approximate; subject to verification by purchaser, and/or new survey.

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