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Turning Point Townhomes

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 47,710
Date Available 04/17/2019
Additional URL Link
Floors 1
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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

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