4602 50th Street

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Address: 4602 50th St, Lubbock, TX 79414, USA

Texas + Apartment Buildings

Created date: November 11, 2024

Date last updated: November 11, 2024

- 123,848 SF building
- 124 units
- Built in 1974
- Renovated in 2020
- Zoned MF-2
- Located in Texas
- 92.3% occupancy

Property Description

Presenting an exceptional investment opportunity in the thriving Texas market, this multifamily property is a remarkable 123,848 SF building featuring 124 units. Boasting a 92.3% occupancy rate, this renovated property, originally built in 1974, offers a compelling blend of modern amenities and timeless charm. Strategically zoned MF-2, this attractive investment prospect promises a strong performance and enduring value. With a proven track record and significant upside potential, this property stands as a premier choice for multifamily/low-rise/garden investors seeking a solid foothold in the dynamic Texas real estate landscape.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$10,750,000
No. of Units:	124
Average Occupancy:	6.37
Year Built:	1974
Lot Size:	5.44 Sq ft
Opportunity Zone:	No
Price per unit:	$86,694
Property Website	Click Here