Villa Apartments

Description:

The Go Getters Real Estate Team is pleased to present the Villa Apartments: a 26-unit apartment complex located in Plainview, TX.  This property features a two-story complex consisting of a mix of 16, two-bedroom units and 10, one-bedroom units.  Built in 1968, and renovated in the past three years, the Villa offers a variety of spacious one- and two-bedroom floor plans with amenities including, dishwashers, ceiling fans, and washer/dryer connections. 


Plainview, Texas: population  20,717, Less than an hour from Lubbock and just over an hour from Amarillo.  Plainview, Texas, sits in a location that is in the center of Interstate 27 which makes it perfect for businesses and families.  Wayland Baptist University is also present in Plainview which is a four-year, private Christian college that boasts over 3,000 students,  South Plains College also has a branch in the city of Plainview. Notable employers include Walmart Distribution Center, Casa Rica Tortillas, Azteca Milling, CHS Inc, Gebo's distribution center, Pioneer seed, and Panhandle Popcorn Company.  An aggressive and supportive business climate, low taxes, inexpensive energy, and enviable logistics make the Plainview / Hale County Community worthy of serious consideration for your business and industry expansion.


This property has averaged over 90% occupancy over the last 20 years and is operated as all bills paid currently, which gives the new potential owner a chance to acquire a stabilized asset with light value-add opportunities such as introducing RUBS. This property also has produced a very strong Cash on Cash return due to the historically high rental demand that Plainview has seen and the ability of the inexpensive operating expenditures due to the supportive business climate of Plainview.