Hub City Duo
$8,500,000
4601 52nd Street, Lubbock, TX 79414
149,612 sqft
Building Size
171
Units
Details:
Description:
Western Oaks is a 71 unit, one-story complex. All of the units are 2 Bed / 1 Bath except for the one 3 Bedroom unit that was formerly a manager's unit. These have covered parking, washer/dryer connections, and each unit has it's own small backyard. The current owner has completed several projects recently including renovating 4 fire units, updating the electric panels, and replacing the roofs on the buildings along 52nd St. Western Oaks is directly north of Omni, which is also included in this package.
Omni is a 2 story, 100 unit complex made up of 1 and 2 bedroom floorplans. The property has lots of mature trees, an irrigation system on well-water, large well-maintained pool, fireplaces in select units, and covered parking. The current owner has done the heavy lifting with several recent cap ex projects including: repainting the exterior in the summer of 2021, and updating the electric breakers. This property is directly to the south of Western Oaks, which is being sold in the package.
The Hub City Duo is located in Lubbock TX. Lubbock's population is close to 270,000 and is home to Texas Tech University. Top economic drivers of the area include higher education, medical facilities, and agriculture. The property is located inside Loop 289, south of 50th Street between Slide and Quaker. It's central Lubbock location makes it convenient for residents to get to many of the top employers, shopping, eating, and is very close to South Plains mall.
Desirable one story units
Covered parking - currently free to residents
Washer/dryer connections in each unit
16 rebuilt fire units
Cap Ex completed: exterior repaint, electric panels
Documents:
Title | ||
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Western Oaks and Omni Offering Memorandum |
Location

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