1310 54th Street

Lubbock, TX 79412

$395,000
Price
8
Beds
8
Baths
5,472 Sq. Ft.
$72 / Sq. Ft.
5,472
Sq. Ft.
$72
per Sq. Ft.

Description

Investment Opportunity: 8-Unit All-Bills-Paid Apartment Building. Discover the potential of this brick-built 8-unit apartment complex, located in a transitional neighborhood offering tremendous upside for the right investor. Each unit features a one-bedroom, one-bath layout, with some units boasting modern updates while others await a creative touch. This property is all bills paid, making it an attractive option for tenants and an excellent opportunity for an investor willing to take a hands-on...Investment Opportunity: 8-Unit All-Bills-Paid Apartment Building. Discover the potential of this brick-built 8-unit apartment complex, located in a transitional neighborhood offering tremendous upside for the right investor. Each unit features a one-bedroom, one-bath layout, with some units boasting modern updates while others await a creative touch. This property is all bills paid, making it an attractive option for tenants and an excellent opportunity for an investor willing to take a hands-on approach. While the building has some deferred maintenance, it provides a chance to increase equity through thoughtful improvements and management. The property's manageable size and straightforward layout are ideal for an owner-operator who's ready to roll up their sleeves and capitalize on its potential. Whether you're looking to start or expand your rental portfolio, this building offers the foundation for consistent income and long-term growth. Schedule a showing today!
  1. Listed by Tiffany Cook • TREC #0703047 • Lubbock Select Realty

Amenities

  • Air Conditioning
LISTING UPDATED: 12/18/2024 02:39 PM

Property Details for 1310 54th Street

StatusActive
MLS #202417063
Days on Market4
Taxes$5,551 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Mid/High-Rise
Year Built1972
Lot Size0.33 AC / 14,245 SF
CountyLubbock County

Building Information for 1310 54th Street

Stories-Residences-Year Built1972Building Size-Lot Size0.33 AC / 14,245 SF

Property Information for 1310 54th Street

Summary
Location and General Information
  • Equipment: None
  • FIPS Code: 303
  • School District: Lubbock ISD
  • School Name 1: Hodges
  • School Name 2: Slaton
  • School Name 3: Estacado
  • School Type 1: Elementary
  • School Type 2: Jr. High
  • School Type 3: High School
  • Style: 2 Story, Traditional
  • Sub Zone: 208
Owner
  • Owner Name: Jonathan Palmer
Taxes and HOA Information
  • HOA: No
  • Proposed Financing: Cash, Conventional
Property
Lot Information
  • Acres: 0.327
  • Age: 0
  • Lot Measurement: SqFt
  • Three Quarter Bathrooms: 0
Property and Assessments
  • Foundation: Slab
  • Property Subtype 1: Mid/High-Rise
  • Streets: Paved
  • Year Built Exception: 0.0
Utilities
  • Cooling: Window/Refrigerated
  • Energy Features: Double Paned Windows, Other
  • Heat: Central Electric, Mini Split, Other
Interior and Exterior Features
Exterior Features
  • Exterior: Brick
  • Pool: No
  • Roof: Composition
Interior Features
  • Quarter Bathrooms: 0
Multi Family
Unit 1
  • Unit 1 # of Spaces: 0
  • Unit 1 Bathrooms: 1.0
  • Unit 1 Bedrooms: 1
  • Unit 1 Features: Ceiling Fan(s), Dishwasher, Electric Range/Oven, Refrigerator, Walk-in Closet, Window Coverings
  • Unit 1 Identical Unt: 0
  • Unit 1 Income: $793
  • Unit 1 Number: 1
  • Unit 1 Occupied: Yes
  • Unit 1 SqFt: 684.0
Unit 2
  • Unit 2 # of Spaces: 0
  • Unit 2 Bathrooms: 1
  • Unit 2 Bedrooms: 1
  • Unit 2 Features: Ceiling Fan(s), Dishwasher, Electric Range/Oven, Refrigerator, Walk-in Closet, Window Coverings
  • Unit 2 Identical Unt: 0
  • Unit 2 Income: $793
  • Unit 2 Occupied: Yes
  • Unit 2 SqFt: 684.0
Unit 3
  • Unit 3 # of Spaces: 0
  • Unit 3 Bathrooms: 1
  • Unit 3 Bedrooms: 1
  • Unit 3 Features: Ceiling Fan(s), Dishwasher, Electric Range/Oven, Refrigerator, Walk-in Closet, Window Coverings
  • Unit 3 Identical Unt: 0
  • Unit 3 Income: $795
  • Unit 3 SqFt: 684.0
Unit 4
  • Unit 4 # of Spaces: 0
  • Unit 4 Bathrooms: 1
  • Unit 4 Bedrooms: 1
  • Unit 4 Identical Unt: 0
  • Unit 4 Income: $800
  • Unit 4 SqFt: 684.0
Unit 5
  • Unit 5 # of Spaces: 0
  • Unit 5 Bathrooms: 1
  • Unit 5 Bedrooms: 1
  • Unit 5 Identical Unt: 0
  • Unit 5 Income: $795
  • Unit 5 SqFt: 684.0
Unit 6
  • Unit 6 # of Spaces: 0
  • Unit 6 Bathrooms: 1
  • Unit 6 Bedrooms: 1
  • Unit 6 Identical Unt: 0
  • Unit 6 Income: $793
  • Unit 6 SqFt: 684.0
Unit 7
  • Unit 7 # of Spaces: 0
  • Unit 7 Bathrooms: 1
  • Unit 7 Bedrooms: 1
  • Unit 7 Identical Unt: 0
  • Unit 7 Income: $795
  • Unit 7 SqFt: 684.0
Unit 8
  • Unit 8 # of Spaces: 0
  • Unit 8 Bathrooms: 0
  • Unit 8 Bedrooms: 0
  • Unit 8 Identical Unt: 0
  • Unit 8 Income: $795
  • Unit 8 SqFt: 684.0

Property History for 1310 54th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1310 54th Street

Taxable ValueLand$8,547Additions$297,160Total$305,707
Tax Record2023$5,017 ($418 / month)
Home Facts
Total Finished SqFt5,472 SqFtAbove Grade Finished SqFt5,472 SqFtLot Size14,245 SqFtStyleMulti-Family Res (5+ Units)Year Built1972Zoning0038CountyLUBBOCKAPNR101362

Schools near 1310 54th Street

This home is within Lubbock Independent School District.
Rating
School
Type
Grades
Distance
Charter - PK to 5
Charter - 6 to 8
Public - 9 to 12
Public - PK to 1
Rating
School
Distance
Hodges Elementary School
CharterPK to 5

Dunbar College Preparatory Academy
Charter6 to 8

Estacado High School
Public9 to 12

Brown El GR PK to 01
PublicPK to 1

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1310 54th Street is a multi-family home for sale in Lubbock, TX 79412. This property was listed for sale on December 18, 2024 by Lubbock Select Realty, it's currently listed at $395,000. It has been on the market for a total of 4 days and was last sold on January 21, 2022. This listing's school district is Lubbock Independent School District. Nearby schools include Hodges Elementary School, Dunbar College Preparatory Academy and Estacado High School. 1310 54th Street is a 8-bed, 8-bath, 5,472 sqft multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lubbock Select Realty

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.