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    2309 34th Street

    Lubbock, TX 79411
    • $450,000
    • STATUS: Active
    • ON SITE: 17 Days
    • MLS #: 202109953
    UPDATED: 28 min ago
    $450,000
    • 9
      BEDS
    • 0.17
      ACRES
    • 7
      BATHS
    • 0
      1/2 BATHS
    • 3,296
      SQFT
    • $137
      $/SQFT
    Neighborhood:
    204
    Type:
    Multi-Family
    Built:
    1949
    County:
    Area:
    2

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    The opportunity to increase net income on this property is by allocating utilities back to the tenants. The water, trash, sewer, and gas is master metered. The new owner could reduce expenses by implementing RUBS program and allocating these expenses like some of the other properties in the area. The current owner also pays for electric on some units. It is separately metered and the new owner could lower expenses by having tenants pay their own electric bills. This complex is a good opportunity for an investor who's willing to make a few minor changes to the property operations in order to increase NOI.

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    © 2021 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: 2021-10-18T21:58:56.667.
    www.resideinlubbock.com/homes/121931452
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    2309 34th Street Lubbock, TX 79411

    • Price: $450,000
    • Status: Active
    • Updated: 28 min ago
    • MLS #: 202109953
    9
    Beds
    7
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,296
    SQFT
    $137
    $/SQFT
    1949
    Built
    Neighborhood:
    204
    County:
    Lubbock
    Area:
    2
    Elementary School:
    Brown
    Middle School:
    Slaton
    High School:
    Monterey
    School District:
    Lubbock Isd
    Property Description
    The opportunity to increase net income on this property is by allocating utilities back to the tenants. The water, trash, sewer, and gas is master metered. The new owner could reduce expenses by implementing RUBS program and allocating these expenses like some of the other properties in the area. The current owner also pays for electric on some units. It is separately metered and the new owner could lower expenses by having tenants pay their own electric bills. This complex is a good opportunity for an investor who's willing to make a few minor changes to the property operations in order to increase NOI.
    Exterior Features

    Architectural Style 2 Story Carport Spaces 0 Exterior Other Foundation Details Slab Parking Off Street Roof Composition Streets 2 Way AccessPaved Total Garage Spaces 0

    Interior Features

    Building Area Total 3296 Cooling Window/Refrigerated Heating Other Unit1 Bathrooms 0 Unit1 Bedrooms 0 Unit1 Features Ceiling Fan(S) Unit1 Sq Ft 0 Unit2 Bathrooms 0 Unit2 Bedrooms 0 Unit2 Features Ceiling Fan(S) Unit2 Sq Ft 0 Unit3 Bathrooms 0 Unit3 Bedrooms 0 Unit3 Features Ceiling Fan(S) Unit3 Sq Ft 0 Unit4 Bathrooms 0 Unit4 Bedrooms 0 Unit4 Features Ceiling Fan(S) Unit4 Sq Ft 0

    Property Features

    Association Fee 0 Association YN No Energy Features None Gross Income 0 Lot Size Source (Tax Data) Property Sub Type Garden/Low-Rise Proposed Financing CashConventional Tax Annual Amount 0 Tenant Pays Other Termsof Tenancy 1 Year Lease Unit1 Income 0 Unit1 Occupied Yes Unit2 Income 0 Unit2 Occupied Yes Unit3 Income 0 Unit3 Occupied Yes Unit4 Income 0

    Listing provided courtesy of Gregory Brownd of Keller Williams Realty. Listing information © 2021 Lubbock Association of REALTORS® MLS.


    © 2021 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: 2021-10-18T21:58:56.667.
     
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    Reside in Lubbock | Keller Williams Realty
    10210 Quaker ave
    Lubbock TX, 79424