2300 S 8th St - Apartments FOR SALE


Lamesa, TX 79331
$2,950,000 USD
817-269-3819
2300 S 8th St, Lamesa, TX for Sale
$2,950,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

2300 S 8th St
Lamesa, TX 79331


HIGHLIGHTS

  • Value add
  • Quiet area
  • ready laundrymat

OVERVIEW

Prime investment 72 unit complex in Lamesa, Texas between Midland and Lubbock. Across from an elementary school, with fields surround it. Oil rich area that brings in lots of contractors. 33% occupied means huge value add potential. Tile downstairs, vinyl upstairs, central heat/AC, individual hot water heaters. Office with laundromat space ready. Perfect flip opportunity!

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$47 USD /SF

# OF UNITS

72

PRICE/UNIT

$40,972

CAP RATE

Request Cap Rate

% LEASED

33%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Spanish Haven

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

158

LAND DETAILS

LAND ACRES

6.01 AC

LAND SF

261,883 SF

ZONING

-

APN/PARCEL ID

7861

ASK ABOUT THIS PROPERTY

Jeff BakerBaker Land ManagementMore Info
817-269-3819

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Jeff BakerBaker Land ManagementMore Info
817-269-3819

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.