Springtime Apartments

For Sale

7303 Avenue X, Lubbock, TX 79423

This Lubbock property for sale is located at 7303 Avenue X. The current listed sale price for Springtime Apartments is Subject To Offer. Springtime Apartments is situated on a lot that is 56,628 acre in size.

Contacts

broker

Greg Brownd

Greg Brownd - Go-Getters Multifamily

(806) 777-4459

Property Details

  • Property Type Multi-Family
  • Property Size 4,329 SF
  • Units 25
  • Lot Size 56,628 Acre
  • Year Built 1984
  • Date Updated Apr 4, 2024
Springtime is located in Lubbock, TX one block south of Loop 289 and a block east of University. Lubbock has a population of apx. 270,000 and is the "Hub City" of the South Plains region. The area economy is driven by Texas Tech University, the hospitals which serve the region, and agriculture. Several large employers are located within a 5-10 drive from the property. There are plenty of retailers nearby and the residents here have multiple dining options within walking distance.Springtime is a 24 unit, mid 80s construction property that has an even mix of one and three bedroom units. It's brick construction and the roofs have recently been replaced. The one bedroom units include stackable washers/dryers and the three bedroom units have connections for them. The top three things that the new buyer could do to improve the NOI is to start charging for washers/dryers, stop providing free cable, and start billing back for the water/sewer/trash bill - like the other properties in the area. This is a desirable property, especially since it offers 3 BR townhome style units that aren't very common in the market.

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Highlights

  • Assumable financing available
  • Convenient location with easy access to loop and South Lubbock
  • Good unit mix with one and three bedroom units
  • Easy low capital investment value add opportunities

Attachments

Getting around

  • 53/100

    Walk Score ®

  • 20/100

    Transit Score ®

  • 42/100

    Bike Score ®

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Location

  • City Lubbock, TX
  • Neighborhood Waters
  • Zip Code 79423
  • Market Lubbock

Points of Interest

  • Phillips 66

    0.54 miles

  • Alon

    0.56 miles

  • Valero

    0.61 miles

  • Bolton

    0.64 miles

  • Valero

    1.19 miles

  • Alon

    1.30 miles

  • Phillips 66

    1.32 miles

  • Alon

    1.47 miles

  • Valero

    1.49 miles

  • Phillips 66

    1.52 miles

  • Residence Hall Parking - Lot Z3

    3.59 miles

  • Flint Ave Garage

    3.69 miles

  • Visitor Park & Pay

    3.69 miles

  • Goin' Band Practice Area

    3.69 miles

  • American State Bank Parking

    3.86 miles

  • City of Lubbock parking

    3.93 miles

  • Parking Garage

    4.09 miles

  • Residence Hall Parking - Lot Z1

    4.18 miles

  • Parking Garage

    4.25 miles

  • Parking Garage

    4.26 miles

  • Studio 6

    0.49 miles

  • WoodSpring Suites Lubbock South

    0.95 miles

  • Villa Town

    1.21 miles

  • Red Roof Inn & Conference Center

    1.24 miles

  • Motel 6 Lubbock

    1.27 miles

  • Super 8 by Wyndham Lubbock TX

    1.31 miles

  • Holiday Inn Express & Suites Lubbock South

    1.31 miles

  • La Quinta Inn & Suites by Wyndham Lubbock South

    1.32 miles

  • Country Inn & Suites

    1.47 miles

  • Quality Inn & Suites

    1.47 miles

  • Target

    0.36 miles

  • United

    0.79 miles

  • United Supermarkets

    1.52 miles

  • Ross

    1.55 miles

  • Walmart Neighborhood Market

    1.60 miles

  • Market Street

    1.92 miles

  • Big Lots

    2.00 miles

  • Kohl's

    2.02 miles

  • Walmart Supercenter

    2.17 miles

  • Sprouts Farmers Market

    2.26 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Greg Brownd

Greg Brownd - Go-Getters Multifamily

(806) 777-4459