Address: 4602 50th St, Lubbock, TX 79414, USA
Created date: July 24, 2024
Date last updated: September 23, 2024
- 6.9% cap rate on May T12 financials
- Centrally located off of 50th St
- Stabilized property with value add opportunities
Property Description
Lubbock Square is a 124 unit, 2 story property consisting of one, two, three, and four bedroom units. 32 of the units are townhome style units. Property was renovated in 2016 and most of the interior units have been remodeled in the past 5 years. Average unit size across the property is 976sf and current asking rents average $0.89/sf. Room to grow rents, put agency financing on it, and implement the value add opportunities.