The Pointe

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.


The Pointe is located in Lubbock, TX near 4th and Indiana. The population of Lubbock is close to 270,000 people and is considered the "Hub City" of the South Plains region. This property is just a few blocks away from Texas Tech University, University Medical Center, and the new VA clinic.


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