5525 4th St | Lubbock, TX 79416
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- LoopNet Team
5525 4th St
Lubbock, TX 79416
Kennedy Ridge Apartments · Multifamily Property For Sale · 103 Units
Investment Highlights
- Very-high traffic count and visibility from Loop 289 and 4th Street
- Convenient to many entertainment and shopping options
- Close to Lubbock's largest employers
PROPERTY FACTS
| No. Units | 103 | Building Size | 78,921 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1976/2017 |
| Building Class | C | Parking Ratio | 2.53/1,000 SF |
| Lot Size | 5.34 AC |
| No. Units | 103 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.34 AC |
| Building Size | 78,921 SF |
| Average Occupancy | 92% |
| No. Stories | 1 |
| Year Built/Renovated | 1976/2017 |
| Parking Ratio | 2.53/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
Site Amenities
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Grill
- Laundry Service
About 5525 4th St , Lubbock, TX 79416
Kennedy Ridge: Property was purchased in 2015 and current owners have completed significant capital improvements including: exterior paint, new signage and re-branding, new roofs on all buildings, replaced electric panels, repairs on parking lot, and upgrading units as they become available. Owners have also spent the past two years upgrading the tenant profile, evicting slow/ non-payers and enforcing more strict screening criteria. For More Information Visit: https://buildout.com/website/171816-sale
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 39 | $620.00 | 695 |
| 2+1 | 65 | $740.00 | 835 |
PROPERTY TAXES
| Parcel Number | R94203 | Improvements Assessment | $2,969,400 |
| Land Assessment | $930,600 | Total Assessment | $3,900,000 |
PROPERTY TAXES
Parcel Number
R94203
Land Assessment
$930,600
Improvements Assessment
$2,969,400
Total Assessment
$3,900,000
zoning
| Zoning Code | C-1 |
| C-1 |
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