Description
Great Investment Opportunity!!! This 12-unit apartment complex presents an incredible value-add opportunity for investors. With all 12 units currently vacant, this property is primed for renovation and repositioning to maximize rental income. Unit 1 is a 2 bed, 1 bath with the 11 remaining units being 1 bed, 1 baths. Gas and water are on the same meter while electricity is metered individually for each unit. With some TLC and proper management, this complex has the potential to generate cash flow in a rental market where demand remains steady. Whether you're looking to flip or hold, this is your chance to bring new life to a multifamily asset.
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0BEDS
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0.42ACRES
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0BATHS
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01/2 BATHS
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7,955SQFT
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$57$/SQFT
Description
Great Investment Opportunity!!! This 12-unit apartment complex presents an incredible value-add opportunity for investors. With all 12 units currently vacant, this property is primed for renovation and repositioning to maximize rental income. Unit 1 is a 2 bed, 1 bath with the 11 remaining units being 1 bed, 1 baths. Gas and water are on the same meter while electricity is metered individually for each unit. With some TLC and proper management, this complex has the potential to generate cash flow in a rental market where demand remains steady. Whether you're looking to flip or hold, this is your chance to bring new life to a multifamily asset.
© 2025 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-06-19T23:59:09.07.