Springtime Apartments

7303 Avenue X, Lubbock, TX 79423

  • For Sale Subject To Offer
  • Property Type Multi-Family
  • Property Size 4,329 SF
  • Units 25
  • Lot Size 56,628 Acre
  • Year Built 1984
  • Date Updated Apr 4, 2024
Springtime is located in Lubbock, TX one block south of Loop 289 and a block east of University. Lubbock has a population of apx. 270,000 and is the "Hub City" of the South Plains region. The area economy is driven by Texas Tech University, the hospitals which serve the region, and agriculture. Several large employers are located within a 5-10 drive from the property. There are plenty of retailers nearby and the residents here have multiple dining options within walking distance.Springtime is a 24 unit, mid 80s construction property that has an even mix of one and three bedroom units. It's brick construction and the roofs have recently been replaced. The one bedroom units include stackable washers/dryers and the three bedroom units have connections for them. The top three things that the new buyer could do to improve the NOI is to start charging for washers/dryers, stop providing free cable, and start billing back for the water/sewer/trash bill - like the other properties in the area. This is a desirable property, especially since it offers 3 BR townhome style units that aren't very common in the market.

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Attachments

Highlights

  • Assumable financing available
  • Convenient location with easy access to loop and South Lubbock
  • Good unit mix with one and three bedroom units
  • Easy low capital investment value add opportunities

Contacts

broker

Greg Brownd

Greg Brownd - Go-Getters Multifamily

(806) 777-4459

Location

Getting Around

  • Walk Score ®

    53/100 Somewhat Walkable

  • Transit Score ®

    20/100 Minimal Transit

  • Bike Score ®

    42/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Lubbock, TX
  • Neighborhood Waters
  • Zip Code 79423
  • Market Lubbock

Points of Interest

  • Phillips 66

    0.54 miles

  • Alon

    0.56 miles

  • Valero

    0.61 miles

  • Bolton

    0.64 miles

  • Valero

    1.19 miles

  • Alon

    1.30 miles

  • Phillips 66

    1.32 miles

  • Alon

    1.47 miles

  • Valero

    1.49 miles

  • Phillips 66

    1.52 miles

  • Residence Hall Parking - Lot Z3

    3.59 miles

  • Flint Ave Garage

    3.69 miles

  • Visitor Park & Pay

    3.69 miles

  • Goin' Band Practice Area

    3.69 miles

  • American State Bank Parking

    3.86 miles

  • City of Lubbock parking

    3.93 miles

  • Parking Garage

    4.09 miles

  • Residence Hall Parking - Lot Z1

    4.18 miles

  • Parking Garage

    4.25 miles

  • Parking Garage

    4.26 miles

  • Studio 6

    0.49 miles

  • WoodSpring Suites Lubbock South

    0.95 miles

  • Villa Town

    1.21 miles

  • Red Roof Inn & Conference Center

    1.24 miles

  • Motel 6 Lubbock

    1.27 miles

  • Super 8 by Wyndham Lubbock TX

    1.31 miles

  • Holiday Inn Express & Suites Lubbock South

    1.31 miles

  • La Quinta Inn & Suites by Wyndham Lubbock South

    1.32 miles

  • Country Inn & Suites

    1.47 miles

  • Quality Inn & Suites

    1.47 miles

  • McDonald's

    0.12 miles

  • Wendy's

    0.27 miles

  • Wienerschnitzel

    0.28 miles

  • Burger King

    0.35 miles

  • Lubbock's Breakfast House

    0.36 miles

  • Dairy Queen

    0.36 miles

  • It's Greek to Me

    0.37 miles

  • Rise N Shine Donuts

    0.37 miles

  • Dunkin' Donuts

    0.40 miles

  • Cancun

    0.42 miles

  • Waters Elementary School

    0.80 miles

  • Roberts Elementary School

    0.92 miles

  • Bayless Elementary School

    0.94 miles

  • Parsons Elementary School

    1.13 miles

  • Atkins Middle School

    1.15 miles

  • Richard M. Burn Academy

    1.45 miles

  • Jayne Ann Miller Elementary

    1.49 miles

  • Harmony Science Academy of Lubbock

    1.56 miles

  • Hodges Elementary School

    1.65 miles

  • Honey Elementary School

    1.86 miles

  • Playhouse and Learning Station

    0.56 miles

  • Shelby & Friends Day Care Center

    0.85 miles

  • Tree House Children's Academy

    2.12 miles

  • Christ the King ECDC

    2.21 miles

  • Kidz Kare Too

    2.85 miles

  • Stepping Stones

    2.98 miles

  • Boardwalk

    3.08 miles

  • Miss Robin's Day School

    3.43 miles

  • Achievers Learning Center

    3.47 miles

  • Neighborhood Academy

    3.65 miles

Frequently Asked Questions

What is the total square footage of Springtime Apartments?

Springtime Apartments totals 4,329 square feet.

When was this property built?

Springtime Apartments was built in 1984.

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Contact Listing Broker

broker

Greg Brownd

Greg Brownd - Go-Getters Multifamily

(806) 777-4459