Turning Point Townhomes
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in Lubbock, TX, USA
Listing was updated on: 06/04/2019
Property Overview
| Price/Rent PSF | $ 3,800,000.00 |
| Asset Type | Multifamily |
| Trade Type | Sale |
| SQ. FT. Available | 47710.00 |
| Date Available | 04/17/2019 |
| Additional URL | Link |
| Floors | 1 |
| Additional parameters | Show |
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Description
Location
These properties are located in Northwest Lubbock. This location provides easy access to Loop 289, Texas Tech University, and is close to numerous retail and entertainment options for the tenants. Lubbock's population is close to 260,000 and has a diverse economy that's driven primarily by Texas Tech, healthcare, and agriculture.
Sale
Turning Point Townhomes is a 19 property duplex package. Each of the 38 units are 3 bed, 3 bath, and have a 2 car garage which is ideal for student living or roommates who all want their own bathroom. They were built in 2003 and are priced about 2/3 of what new construction duplexes in the area are currently selling for. This is an opportunity to own multiple, income producing, duplexes that are in a convenient location, and priced well under replacement cost. Properties may be bought as a package or as individual duplexes.
Location