9702 Avenue U Lubbock, TX 79423
- Small apartment buildings
- 7,587 SF
Current Use by Public Records
- Small apartment buildings
Property Details for 9702 Avenue U
- Year built
- 2002
- Property size
- 7,587 SF
- Property type
- Small apartment buildings
Description
Exceptional investment opportunity awaits in South Lubbock's burgeoning market. This stabilized multifamily property comprises three duplex buildings, totaling six units, each boasting a spacious three-bedroom, two-bathroom floor plan complete with a one-car garage. Built in 2002, the property features a total of 7,587 square feet on a 7,685 square foot lot. Currently enjoying 100% occupancy, this Class B property offers a compelling price per unit of $149,166.67 and a price per square foot of $117.96. The asking price for this turnkey investment is $895,000. Strategically located near I-27, this property benefits from convenient access to the upcoming Leprino Foods Cheese Factory, providing strong potential for rental demand driven by new employment opportunities in the area. This is a rare opportunity to acquire a well-maintained, high-occupancy multifamily property in a rapidly growing section of Lubbock, Texas. The one-story buildings offer ease of maintenance and management, making this an attractive option for both seasoned and new investors seeking a stable and potentially high-return investment. Don't miss this chance to capitalize on the growth of South Lubbock.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.862
- Latitude
- 33.5061
