Estrada South II | LENDER SALE
$4,150,000
2627 Oak Avenue, Lubbock, TX 79404
115,150 sqft
Building Size
120
Units
Details:
Description:
Estrada S II is a 120 unit affordable housing development in Lubbbock,TX. This property is primed for repositioning being offered at an attractive basis with immediate upside. The apartments are comprised of one bedroom , two bedroom, and three bedroom floor plans. The property currently has a ground lease in place with the City of Lubbock with an initiative to offer affordable housing in the community. There is also a LURA in place with TDHCA.
Estrada S II is well positioned to absorb the future growth of Lubbock. Since 2022 multiple companies have chosen the east side of Lubbock as the destination for their future growth. Over the next ten years, companies located in east Lubbock are expected to create over 2000 jobs and invest over one billion dollars into their respective developments. For more information on all the major growth in Lubbock head over to https://lubbockeda.org/announcements/.
Strategically positioned within 3 miles of the largest capital investment in Lubbock's history-Leprino Foods opening 2025.
No Property Taxes.
Location
Gallery
