Aspen Village Apartments

Description:

Aspen Village is a 70 unit complex with a good mix of 1, 2, and 3 bedroom units.  It's a 2 story brick construction property with metal roofs.  The 3 BR units have fireplaces, a select few of them have washer/dryer connections, and approximately 15 of the townhome units have fenced back patios.  The comps in the area are on average $138/unit/month higher than they are at Aspen Village so there is room to bump rents.  The residents pay their own electric and are billed back for the water/sewer/and trash through RUBS.  The property has great curb appeal, plenty of landscaping, and a sprinkler system to keep everything green.  There's a laundry room on-site and a pool in the courtyard area.


Aspen Village is located in Lubbock TX off of 50th and Bangor.  Lubbock has a population of apx. 270,000 and is the "Hub City" of the South Plains region.  The area economy is driven by Texas Tech University, the hospitals which serve the region, and agriculture.  The property is located in central Lubbock, close to South Plains mall, and has easy access to Loop 289 and the Marsha Sharp Freeway.  Several large employers are located within a 5-10 drive from the property.  There are plenty of retailers nearby and the residents here have multiple dining options within walking distance.



Room to raise rents! 
Market rent comps are on average $138/unit/mo higher.
Great central Lubbock location near South Plains mall.
Easy to find and good visibility off of 50th St.