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124 Temple Avenue

Lubbock, TX 79415
  • $575,000
  • STATUS: Active
  • ON SITE: 56 Days
  • MLS #: 202109955
UPDATED: 63 min ago
$575,000
  • 8
    BEDS
  • 0.32
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 5,888
    SQFT
  • $98
    $/SQFT
Neighborhood:
105
Type:
Multi-Family
Built:
1966
County:
Area:
1

School Information

Middle School:
High School:
School District:

Description

Villa Del Sol is an eight unit, two-story apartment building. 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. It is separately metered and the new owner could lower expenses by having tenants pay their own electric bills. Villa Del Sol Apartments 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.

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© 2021 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-11-26T20:58:50.097.
www.thescotttomanteam.com/homes/121931453
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124 Temple Avenue Lubbock, TX 79415

  • Price: $575,000
  • Status: Active
  • On Site: 56 Days
  • Updated: 63 min ago
  • MLS #: 202109955
8
Beds
8
Baths
0
½ Baths
0.32
Acres
5,888
SQFT
$98
$/SQFT
1966
Built
Neighborhood:
105
County:
Lubbock
Area:
1
Middle School:
Cavazos
High School:
Lubbock
School District:
Lubbock Isd
Property Description
Villa Del Sol is an eight unit, two-story apartment building. 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. It is separately metered and the new owner could lower expenses by having tenants pay their own electric bills. Villa Del Sol Apartments 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.
Exterior Features

Architectural Style 2 Story Carport Spaces 0 Exterior Brick Foundation Details Slab Parking Off Street Streets 2 Way AccessPaved Total Garage Spaces 0

Interior Features

Building Area Total 5888 Cooling Window/Refrigerated Heating Central Electric Unit1 Bathrooms 0 Unit1 Bedrooms 0 Unit1 Features Ceiling Fan(S)Electric Range/OvenRefrigerator Unit1 Sq Ft 0 Unit2 Bathrooms 0 Unit2 Bedrooms 0 Unit2 Features Ceiling Fan(S)Electric Range/OvenRefrigerator Unit2 Sq Ft 0 Unit3 Bathrooms 0 Unit3 Bedrooms 0 Unit3 Features Ceiling Fan(S)Electric Range/OvenRefrigerator Unit3 Sq Ft 0 Unit4 Bathrooms 0 Unit4 Bedrooms 0 Unit4 Features Ceiling Fan(S)Electric Range/OvenRefrigerator Unit4 Sq Ft 0

Property Features

Association Fee 0 Association YN No Energy Features None Gross Income 0 Lot Size Source (Tax Data) Property Sub Type Garden/Low-Rise Proposed Financing CashConventional Tax Annual Amount 0 Tenant Pays Other Termsof Tenancy 1 Year Lease Unit1 Income 0 Unit1 Occupied Yes Unit2 Income 0 Unit2 Occupied Yes Unit3 Income 0 Unit3 Occupied Yes Unit4 Income 0 Unit4 Occupied Yes

Listing provided courtesy of Gregory Brownd of Keller Williams Realty. Listing information © 2021 Lubbock Association of REALTORS® MLS.


© 2021 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-11-26T20:58:50.097.
 
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Scott Toman Team | REMAX Lubbock
4703 South Loop 289
Lubbock TX, 79424