1610 45Th St Lubbock, TX 79412
- Commercial real estate
Current Use by Public Records
- Summit Apartments / Apartment Complex
Property Details for 1610 45Th St
- Property type
- Commercial real estate
Description
This exceptional 13-unit apartment building in Lubbock, Texas, presents a compelling investment opportunity. Located conveniently near Texas Tech University, this property boasts a strong rental history and high occupancy rate. All 13 units have undergone significant renovations within the last two years, featuring brand new double-paned windows, updated heating and cooling systems, fresh paint throughout, energy-efficient LED lighting, and new low-flow plumbing fixtures. Modern appliances are included in each unit. The property includes a convenient on-site laundry facility managed by a third-party vendor, providing added convenience for residents. Residents enjoy a peaceful courtyard and ample off-street parking. A unique leasing strategy offers tenants the choice between an allocated utilities option and an all-bills-paid option, with current tenants opting for the all-bills-paid arrangement, simplifying management and potentially maximizing rental income. The property is situated at 1610 45th St, Lubbock, TX 79412, in Lubbock County. This turnkey investment offers immediate cash flow and significant potential for future appreciation. The asking price is $885,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.8539164
- Latitude
- 33.553669
