Villa Del Sol
$525,000
124 Temple Avenue, Lubbock, TX 79415
5,888 sqft
Building Size
0.321 acres
Lot Area
Details:
Description:
The Go-Getters Multifamily Team is pleased to announce the exclusive listing of The Villa Del Sol Apartments. Located in Lubbock, the property consists of 8 units and was built in 1966. Villa Del Sol Apartments is a good opportunity for an investor who’s willing to make a few minor changes to the property operations in order to increase NOI, while also having the ability to complete a big interior renovation program and potentially achieve a significant rent premium.
Villa Del Sol Apartments located north of the Marsha Sharp freeway between Avenue Q and University. It’s less than 1 mile to Texas Tech University. The property is close to several places to eat, shop, and is near major employers. Easy access to public transportation, Marsha Sharp freeway, and Highway 84.
Current ownership has not implemented a full interior renovation program since ownership. This allows a new prospective buyer the opportunity to upgrade partially renovated units to a finished completion and capture a rent premium of approximately $95 for all units.
Location
