tomo logo

$395,000

Beds
8
Baths
8.0
sq ft
5,472

1310 54th St, Lubbock, TX 79412

1310 54th St

Lubbock, TX 79412

  • 4 days on market
Investment Opportunity: 8-Unit All-Bills-Paid Apartment Building. Discover the potential of this brick-built 8-unit apartment complex, located in a transitional neighborhood offering tremendous upside for the right investor. Each unit features a one-bedroom, one-bath layout, with some units boasting modern updates while others await a creative touch. This property is all bills paid, making it an attractive option for tenants and an excellent opportunity for an investor willing to take a hands-on approach. While the building has some deferred maintenance, it provides a chance to increase equity through thoughtful improvements and management. The property's manageable size and straightforward layout are ideal for an owner-operator who's ready to roll up their sleeves and capitalize on its potential. Whether you're looking to start or expand your rental portfolio, this building offers the foundation for consistent income and long-term growth. Schedule a showing today!

Details

Property type

Est. home value

$273,049

Lot size

0.327 acres

Price per sq ft

$73

Year built

1972

Annual property taxes

$5,551

Price History

12/18/2024
Lubbock

Lubbock #202417063

Listed
$395,000
01/21/2022
Lubbock

Lubbock #202111562

Removed

Schools & Community

Elementary school: 

Hodges

Middle school: 

Slaton

High school: 

Estacado

School district: 

Lubbock ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

American Bank Of Commerce

Loan start date

April 2010

Original loan amount

$110,000

Est. remaining balance

Not provided

Interest rate

4.97%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Ronald James Herrin

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 4:45 AM

Listing updated: 12/18/2024 at 2:41 PM

Listed by: Tiffany Cook, Lubbock Select Realty

MLS: Lubbock #202417063

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