The Pointe Apartments
- Only blocks away from Texas Tech
- Across 4th Street from University Medical Center
- Across Indiana from the new VA Hospital and Rawls Golf Course
- In Opportunity Zone
- Almost $1m in cap ex already done by current owner
Property Description
The Pointe is a 90 unit, 3 story value add complex. The current owners have renovated the exterior and put in close to $1m in cap ex projects. This is a value add project and approximately $500k needs to be invested to fix up some down units. It's currently operated as a conventional multifamily property, and is surrounded mostly by student housing and desirable commercial property. The residents pay their own electric and are billed back for the water/sewer/and trash through RUBS. This is a good opportunity to get a well-located property close to campus.
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Multifamily type: | Apartments |
| No. of Units: | 90 |
| Year Built: | 1973 |
| Building Size: | 76,167 Sq ft |
| No. of Stories: | 3 |
| Opportunity Zone: | Yes |
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