5438 40th Street, Lubbock, TX 79414
$500,000
Property Type:
Residential Income
Bedrooms:
1
Baths:
1
Square Footage:
4,810
Lot Size (sq. ft.):
14,440
Status:
Closed
Current Price:
$500,000
List Date:
7/17/2024
Last Modified:
1/31/2025
Description
Excellent multi-family investment opportunity in Lubbock! This property is located right off the Marsha Sharp Freeway close to Texas Tech, Lubbock Christian University, West End Shopping Center, and more! This complex is comprised of 14 total units, 13 Studio apartments and 1 2/1 unit. With some TLC this property could be a great addition to anyone's portfolio. Don't miss out on this awesome investment opportunity!
Supplements: ********
More Information MLS# 202410326
Contract Information
Current Price: $500,000
Original List Price: 500000
List Price: $500,000
Status: Closed
Listing Contract Date: 2024-07-17
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: Sk'sasis Properties Llc
Location Tax and Legal
Street Number: 5438
Street Name: 40th
Street Suffix: Street
County: Lubbock
State: TX
Postal Code: 79414
Zone: 3
General Property Information
Bedrooms Total: 1
Bathrooms Full: 1
Total Bathrooms: 1
Above Grade Finished Area: 4810
Above Grade Finished Area Source: Public Records
Living Area: 4810
Accessibility Features YN: Yes
Year Built: 1983
Lot Size Acres: 0.3315
Lot Size Square Feet: 14440
Lot Size Source: Public Records
Basement YN: No
Stories Total: 2
Sold Price/Acre: 1508295.63
Sold Price/SqFt: 103.95
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, Survey Available: No
Public Remarks: Excellent multi-family investment opportunity in Lubbock! This property is located right off the Marsha Sharp Freeway close to Texas Tech, Lubbock Christian University, West End Shopping Center, and more! This complex is comprised of 14 total units, 13 Studio apartments and 1 2/1 unit. With some TLC this property could be a great addition to anyone's portfolio. Don't miss out on this awesome investment opportunity!
Status Change Information
Major Change Timestamp: 2024-11-07T09:06:30Z
Major Change Type: Status Change
Status Change Timestamp: 2024-11-07
Purchase Contract Date: 2024-07-20
Close Date: 2024-11-07
Buyer Financing: Conventional
Buyer's Lender Closing Costs: No
Unit One
Accessibility Features YN: Yes
Property Features
Construction Materials: Brick
Cooling: Wall/Window Unit(s)
Heating: Other
Interior Features: Ceiling Fan(s)
Listing Terms: Cash; Conventional
Lot Features: Zero Lot Line
Parking Features: Other
Road Surface Type: Paved
Special Listing Conditions: Standard
Unit 1 Accessibility Features: Accessible Full Bath
Listing Office: Reside Real Estate Co.
Listing Agent: Cameron Winegar
Last Updated: January - 31 - 2025
Information deemed reliable but not guaranteed.