1101 Englewood AveLubbock, TX 79416
- Small apartment buildings
- 2,890 SF
Property Details for 1101 Englewood Ave
- Year built
- 2021
- Property size (Sq ft)
- 2,890 SF
- Property type
- Small apartment buildings
Description
This exceptional 2021-built duplex at 1101 N Englewood Ave, Lubbock, TX 79416, presents a compelling investment opportunity. Boasting a substantial 2,890 square feet across two units, each unit offers approximately 1450 square feet of living space, including 3 bedrooms, 2 bathrooms, a 2-car garage, a covered patio, and a backyard. Currently 100% occupied, this stabilized investment property offers a strong 8.00% cap rate and a pro-forma cap rate of 9.21%, with a projected net operating income (NOI) of $33,600. The property sits on a 7,607 square foot lot within a newer Lubbock subdivision, showcasing excellent curb appeal and easy rental potential. High-quality finishes throughout include vinyl plank flooring, granite countertops, stainless steel appliances, and 10-foot ceilings, enhancing tenant appeal and maximizing rental income. The duplex is zoned for duplex use, making it ideal for long-term ownership, 1031 exchanges, or house hacking. This turnkey investment property offers a rare combination of modern amenities, high occupancy, and strong financial performance in a desirable Lubbock location. The asking price is $365,000.
Location Insight
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Latitude
- 33.6116
- Longitude
- -101.936
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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