4206 17th Street, Lubbock, TX 79416
$900,000
Property Type:
Residential Income
Bedrooms:
4
Baths:
4
Square Footage:
6,560
Lot Size (sq. ft.):
10,944
Status:
Closed
Current Price:
$900,000
List Date:
11/16/2022
Last Modified:
1/31/2025
Description
Excellent investment opportunity with an 8 unit - 2 building apartment complex located within a mile of Texas Tech University in the heart of Greek Circle. The current owners did a complete remodel to the interior and exterior in 2017. There are 4 - one bedroom units and 4 - two bedroom units that are 100% occupied and existing rents are below market. This is an extremely rare investment opportunity close to both hospitals and universities. Call for more details today.
Supplements: ********
More Information MLS# 202212703
Contract Information
Current Price: $900,000
Original List Price: 900000
List Price: $900,000
Status: Closed
Listing Contract Date: 2022-11-16
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: Charles & Tonya Gilliam
Location Tax and Legal
Street Number: 4206
Street Name: 17th
Street Suffix: Street
County: Lubbock
State: TX
Postal Code: 79416
Zone: 4
General Property Information
Bedrooms Total: 4
Bathrooms Full: 4
Total Bathrooms: 4
Above Grade Finished Area: 6560
Above Grade Finished Area Source: Public Records
Living Area: 6560
Accessibility Features YN: No
Year Built: 1973
Lot Size Acres: 0.2512
Lot Size Square Feet: 10944
Lot Size Source: Public Records
Association YN: No
Basement YN: No
Stories Total: 2
Pool Private YN: No
Sold Price/Acre: 3125000
Sold Price/SqFt: 119.66
Remarks and Miscellaneous
Public Historical Remarks: Unit 8 # of Spaces: 0, Unit 7 # of Spaces: 0, Unit 6 # of Spaces: 0, Unit 5 # of Spaces: 0, Unit 4 # of Spaces: 0, Unit 3 # of Spaces: 0, Unit 2 # of Spaces: 0, Unit 1 # of Spaces: 0
Public Remarks: Excellent investment opportunity with an 8 unit - 2 building apartment complex located within a mile of Texas Tech University in the heart of Greek Circle. The current owners did a complete remodel to the interior and exterior in 2017. There are 4 - one bedroom units and 4 - two bedroom units that are 100% occupied and existing rents are below market. This is an extremely rare investment opportunity close to both hospitals and universities. Call for more details today.
Status Change Information
Major Change Timestamp: 2022-12-28T23:24:33Z
Major Change Type: Status Change
Status Change Timestamp: 2022-12-28
Purchase Contract Date: 2022-12-07
Close Date: 2022-12-28
Buyer Financing: Conventional
Buyer's Lender Closing Costs: No
Income and Expenses
Gross Income: 6225
Unit One
Unit SqFt: 700
Beds Total: 1
Baths Total: 1
Unit Actual Rent: 725
Accessibility Features YN: No
Unit Description: Apartment 1
Unit Two
Unit SqFt: 700
Beds Total: 2
Baths Total: 1
Unit Actual Rent: 800
Accessibility Features YN: No
Unit Description: Apartment 2
Unit Three
Unit SqFt: 700
Beds Total: 1
Baths Total: 2
Unit Actual Rent: 825
Accessibility Features YN: No
Unit Description: Apartment 3
Unit Four
Unit SqFt: 700
Beds Total: 1
Baths Total: 1
Unit Actual Rent: 700
Accessibility Features YN: No
Unit Description: Apartment 4
Unit Five
Beds Total: 1
Baths Total: 1
Unit Actual Rent: 725
Accessibility Features YN: No
Unit Description: Apartment 5
Unit Six
Beds Total: 2
Baths Total: 1
Unit Actual Rent: 800
Accessibility Features YN: No
Unit Description: Apartment 6
Unit Seven
Beds Total: 2
Baths Total: 1
Unit Actual Rent: 800
Accessibility Features YN: No
Unit Description: Apartment 7
Unit Eight
Unit SqFt: 700
Beds Total: 1
Baths Total: 1
Unit Actual Rent: 775
Accessibility Features YN: No
Unit Description: Apartment 8
Title Company Information
Title Company: LubbockAbstract 82nd
Title Company Address: 4505 82nd Street, Suite 1 Lubbock, TX 79424
Title Company Fax: (806) 798-9805
Title Company Phone: (806) 798-9800
Property Features
Construction Materials: Brick; Masonite
Cooling: Central Air; Electric
Heating: Central; Electric
Interior Features: Ceiling Fan(s)
Listing Terms: Cash; Conventional
Lot Features: Zero Lot Line
Parking Features: Off Street
Road Surface Type: All Weather
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity
Utilities: Electricity Available
Window Features: Double Pane Windows
Listing Office: Williams & Company Real Estate
Listing Agent: Dan Williams
Last Updated: January - 31 - 2025
Information deemed reliable but not guaranteed.