The View Apartments

Description:

The View Apartments are comprised of one bedroom, two bedroom, and three bedroom apartments. Each apartment ranges in square footage between 620 and 992 square feet. The property has a strong value added component through driving rents to market rate, recapturing loss to lease, and billing the utilities back to the tenants.

This property is located in a qualified opportunity zone providing investors with an ability to defer eligible gains through IRS QOZ program. See https://www.irs.gov/credits-deductions/opportunity-zones-frequently-asked-questions for more information.


Lubbock, Texas, is a vibrant city located in the northwestern part of the state. It's the largest city in the Texas Panhandle region and serves as the commercial, educational, and cultural hub of the area. Home to Texas Tech University, a major research institution, Lubbock boasts a strong educational foundation. The university contributes significantly to the city's cultural scene and the local economy. The city's economy is heavily influenced by agriculture, with cotton being a primary crop. Lubbock serves as a hub for cotton production, and agriculture-related businesses are significant contributors to the local economy. Additionally Lubbock hosts various medical facilities, including the Texas Tech University Health Sciences Center and several hospitals, providing healthcare services not only to the city but also to the surrounding areas.
 



Over $1,600,000 in improvement upside available
Located in an Opportunity Zone
Strategically positioned within 3 miles of the largest capitalinvestment in Lubbock's history - Leprino Foods opening 2024

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