Clark Apartments
$595,000
2123 15th Street, Lubbock, TX 79401
4,950 sqft
Building Size
Details:
Description:
The Clark Apartments is an seven unit, two story property in a fantastic location. The unit mix is six one bedroom units, and one very large 3 bedroom unit. There is also a large shop and additional rec room on the 1st floor. The owners are currently in the 3 bedroom unit, so the next owner could convert it back into a leased unit.
The apartments are located in Lubbock, TX - only 4 blocks from Texas Tech University! Lubbock's population is close to 266,000 and Texas Tech's enrollment is close to 41,000 students. Several of the tenants either walk or bike to class. There are multiple places for eating and entertainment in the area.
Great location - walkable to Texas Tech University
Similar property in the area that's been renovated is leasing for $795/mo for 1BR units
Invest approximately $3,500 per unit to increase rents to match it
Documents:
| Title | ||
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| Clark Apartments Offering Memorandum |
Location
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