2309 34th, Lubbock, TX 79411

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Building Details:

• Year Built: 1949

This complex is an 7 unit property located two blocks east of University on 34th St. The property is close to several places to eat, shop, and is near major employers. Easy access to public transportation. Approximately 1.5 miles to Texas Tech University.

Available Spaces

Suite	Space Type	Pricing	Size
---	Multi-Family Space	For lease: Negotiable
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. « show less 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... show more » View Details 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. Pricing: Negotiable Availability: Now Listing ID: 3139509 Save to list

Multi-Family Space

For lease: Negotiable

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... show more »

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2309 34th, Lubbock, TX 79411

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