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For Sale 79404 Lubbock

2306 Fir Avenue

Lubbock, TX 79404

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For Sale

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$782,215

Est. Mortgage 4,138/month

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10 Bedroom(s)

9 Full Bath(s)

5,109 Sqft. ($153/Sqft.)

0.42 Lot Acres

Single Family

16 Day(s) on HAR.com

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Description

For sale 2306 Fir Avenue, Lubbock, TX 79404 - 14-unit apartment complex We are thrilled to present a new investment opportunity in Lubbock's Wheelock neighborhood. This remodeled 14-unit apartment is an upgraded property featuring new plumbing, HVACs, electrical wiring, kitchenettes, appliances, bathrooms, new roof, etc. Each unit features new laminate flooring, fresh paint, new kitchenettes, new light fixtures, and more that tenants love! Low long-term maintenance, as the Seller has upgraded just about everything. Property has a gated entryway (locked), security cameras, and an on-site laundry facility. As of today, 10 of the 14 units are occupied and cash-flowing, offering a Buyer to go in and lease up the vacant units. Asking Price: $782,215 ($55,872/unit) Current NOI (est.): $51,105; Pro-Forma NOI: $70,374 Actual CAP Rate: 6.5%; Pro-Forma CAP Rate: 9.0%

MLS#

LAORTX-202406709

List Price

$782,215 ($153/Sqft.)

Listing Status

For Sale

Address

2306 Fir Avenue

City

Lubbock

State

Zip Code

79404

County

Lubbock County

Subdivision

211

Legal Description

WHEELOCK 2ND BLK 35 S130' OF L

Property Type

Single Family

Bedroom

10 Bedroom(s)

Bath

9 Full Bath(s)

Building Size

5,109 Sqft/Appraisal District

Architecture Style

Other

Year Built

1963 /Appraisal District

Lot Size

0.42 Lot Acres/Appraisal District

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Rohit Mittal

eXp Realty LLC

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Rooms

10 Bedroom(s), 9 Full Bath(s),

Lot information

Lot Size

0.42 Lot Acres /Appraisal District

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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

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Listing Tax	Numbers
Principal & Interest	2,841
Taxes	1,242

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Subdivision Facts

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Schools

School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.