3102-3114 75th Street, Lubbock, TX 79423
3102-3114 75th Street, Lubbock, TX 79423
3102-3114 75th Street, Lubbock, TX 79423
3102-3114 75th Street, Lubbock, TX 79423
3102-3114 75th Street, Lubbock, TX 79423
3102-3114 75th Street, Lubbock, TX 79423
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Laura Johnson

Laura Johnson

+1(806) 805-4677
$ 929,000
Est. payment | /mo

9,905 SqFt

Save
$ 929,000
Est. payment | /mo
Save

9,905 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 9,905 sqft

Price per Sqft $93

MLS Listing ID 202602204

Year Built 1984

Annual Tax Amount $15,806

Lot Size 0.468 Acres

Acres 0.47

Property Sub-Type Multi Family

Source Lubbock Association of REALTORS®

Property Description

7-Unit Townhome Investment | South Lubbock | Fully Occupied Exceptional opportunity to acquire a fully occupied 7-unit townhome complex in desirable South Lubbock. Located within Lubbock ISD, this property benefits from a favorable property tax rate while maintaining strong tenant demand. Each unit offers: 2 Bedrooms 2 Bathrooms 2-Car Garage 1,415 SF per unit The property has been long-term owned and professionally managed by Location Rentals, reflecting consistent oversight and operational stability. All utilities are separately metered, minimizing landlord expense exposure. The only common area expense is front lawn and tree maintenance, creating a streamlined expense structure. Major capital improvements include a roof replacement approximately five years ago. This asset presents clear value-add potential through cosmetic enhancements and rental rate optimization, offering investors the opportunity to increase revenue while maintaining a strong occupancy history. A stable income-producing asset with upside in a consistently performing South Lubbock location.

Location

State TX

County Lubbock

Area 7

Direction West of University Ave on 75th St

Rooms

Basement Basement

Interior

Heating Central, Fireplace(s), Natural Gas, Ceiling

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Carpet, Tile

Exterior

Parking Features Driveway, Garage, Paved, Private

Fence Back Yard, Fenced, Gate, Wood

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Composition

Accessibility Accessible Approach with Ramp

Building

Lot Description Back Yard, Corner Lot, Front Yard, Landscaped, Many Trees, Near Public Transit

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

New Construction No

Schools

Elementary Schools Waters

Middle Schools Evans

High Schools Monterey

Others

Tax ID R57111, R56960, R57037, R56987, R57087, R57065,

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Standard

Listed by Williams & Company Real Estate

Nearby Locations

Laura Johnson

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(806) 805-4677

laura.johnson@exprealty.com

Lubbock, TX, 79424, USA

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3102-3114 75th Street