2105 E 4th St
Lubbock, TX 79403

Property Tours: Property tours will be available Thursdays, April 13th and 20th. Please contact the listing broker to RSVP a time. Investment Overview:The opportunity is a 1972 vintage, 75-unit multifamily property located at 2105 East 4th Street in Lubbock, Texas. The improvements consist of seven, two-story walk-up buildings situated on 5.00 acres. Property amenities include a paved parking area with gated access, concrete walkways, a courtyard which features a playground and basketball court, on-site coin operated laundry facility, and on-site maintenance and management services. Unit amenities include stove, refrigerator, roof-mounted central A/C and heat, and cable-ready fixtures. Water/sewer and garbage are included at no additional charge to the tenants. The Property benefits from its convenient access to public transportation, schools, restaurants, and retailers. The Site is just southeast of Parkway Drive/Highway 82, a major thoroughfare and retail corridor in Lubbock. Amenities within a one-mile radius include United Supermarkets, Dollar General, Family Dollar, Parkway Pharmacy, Domino's Pizza, and much more. The Property is located on the north side of East 4th Street, along the northwest side of Vanda Avenue and less than one-half mile east of the Highway 82/MLK Blvd junction. Highway 82 connects to Interstate 27, approximately one mile to the west, and the Texas 289 Loop two miles to the east, providing access to several major junctions in the area. Highway 82 allows the Property direct access to Texas Tech University (five miles west), the largest employer in the city. Highway 82 is also an arterial that connects to Interstate 27, which provides access to Interstate 40 in Amarillo, Texas roughly two hours north of the Property. Surrounding land uses include mixed commercial development and single family residential to the east and west of the Property. There is a retail shopping center adjacent north of the Site, and Alderson Elementary School is just northeast and within walking distance. Land uses to the south of the Property consist of primarily single family residential and vacant land. Local demographics include an estimated 2017 population of 92,962 people with an average household income of $44,692 within a five-mile radius of the Subject Property. Free Asset Summary Report