60-Unit Apartment Renovation
1915 14th St Lubbock Lubbock, TX 79401
1915 14th St Lubbock, Lubbock, TX, 79401
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For Sale
Contact for pricing
Pending
Two renovated apartment properties totaling 60 units, with on-site laundry and separately metered electric throughout.
Days on Market104
Property Features for 1915 14th St Lubbock
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing agency
Waller Group Homes
(214) 818-4109
Listed by
Logan Waller · License #TX 0479147
Source
Crexi
Added: Apr 11 Updated: Jul 22 at 9:34PM Checked: Jul 22 at 9:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Waller Group Homes
Investment Insights
Based on property information with market context.
060 Lofts and 060 Court are a two-property 60-unit apartment package. Both properties have undergone major renovations in recent years, including exterior improvements such as artificial turf, cookout areas, pergolas, trim work, and paint, along with interior updates including appliance replacements, flooring, and paint. Approximately 15 HVAC units have been replaced at 060 Lofts. Property-wide utility and building systems features include electric separately metered, with water/sewer/trash allocated; on-site laundry is provided with leased machines. 060 Lofts uses shared hot water, central HVAC, has no gas, and features a flat roof. 060 Court features central boilers for hot water, an on-site laundry room with leased machines, gas allocated, PTACs with the exception of one unit, and a pitch composition roof.
The package is located less than one mile from Texas Tech University and is also described as less than one mile from downtown Lubbock. The Historic South Overton neighborhood setting includes nearby green space provided by M C Overton Park.
For investors and operators, the seller notes value-add focused on improving occupancy and upgrading on-site laundry to property-owned machines offering coin or card/credit options, alongside professional property management.
The package is located less than one mile from Texas Tech University and is also described as less than one mile from downtown Lubbock. The Historic South Overton neighborhood setting includes nearby green space provided by M C Overton Park.
For investors and operators, the seller notes value-add focused on improving occupancy and upgrading on-site laundry to property-owned machines offering coin or card/credit options, alongside professional property management.
Key Highlights
- Two‑property 60‑unit apartment package (O60 Lofts and O60 Court) less than 1 mile from Texas Tech University in Historic South Overton.
- Current NOI $70,140 with low occupancy; pro forma NOI $196,459 at 8.50% CAP assuming occupancy increases to 90%.
- Major renovations completed across both properties, including appliance replacements, new flooring, and paint throughout.
Property Analytics
Location Intelligence
Current Use by Public Records
O60 Lofts
Apartment Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Two renovated apartment properties totaling 60 units, with on-site laundry and separately metered electric throughout.
Where is this apartment building located?
The property is located at 1915 14th St Lubbock Lubbock, TX.
What are key features of this property?
This property features: Two‑property 60‑unit apartment package (O60 Lofts and O60 Court) less than 1 mile from Texas Tech University in Historic South Overton.; Current NOI $70,140 with low occupancy; pro forma NOI $196,459 at 8.50% CAP assuming occupancy increases to 90%.; Major renovations completed across both properties, including appliance replacements, new flooring, and paint throughout.
