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. 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.
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9BEDS
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0.15ACRES
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8BATHS
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01/2 BATHS
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7,768SQFT
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$75$/SQFT
School Information
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. 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.
© 2023 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: 2023-03-26T23:58:54.41.