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Lodges on Lotus Lane 3301 Lotus Ln 100 Unit Apartment Building For Sale Lufkin, TX 75904
INVESTMENT HIGHLIGHTS
- The area has seen consistent demand for well-located rental housing, especially in the workforce and affordable housing sectors.
- The property benefits from excellent accessibility to major thoroughfares, including Loop 287 and US Highway 59.
- The city's population has been relatively stagnant in recent years, but it remains the largest community within an 80-mile radius.
- Renovated properties in the area are commanding higher rents, and occupancy trends indicate demand for quality housing in this location.
- Lufkin serves as a regional hub for a broad service area, providing jobs, education, and retail.
- This offering provides investors with significant upside potential through a strategic value-add program or repositioning initiative.
EXECUTIVE SUMMARY
Angelina Circle is a 100-unit, 81,224-square-foot multifamily community located at 3301 Lotus Lane, Lufkin, Texas. Angelina Circle is a 100-unit, 81,224-square-foot multifamily community located at 3301 Lotus Lane, Lufkin, Texas. Built in 1976, the property sits on 11.22 acres, providing an expansive site for a comprehensive improvement program with the benefit of a significant amount of capital already put into the site. Currently 34% occupied, this property presents a rare opportunity to acquire a sizable asset in a community-oriented submarket. Lufkin's economy is supported by major industries such as healthcare, manufacturing, and education.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 11.22 AC |
| No. Units | 100 | Building Size | 81,224 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1976 |
| Apartment Style | Garden | Parking Ratio | 2.47/1,000 SF |
| Building Class | C | ||
| Zoning | SU | ||
| Sale Type | Investment |
| No. Units | 100 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 11.22 AC |
| Building Size | 81,224 SF |
| No. Stories | 1 |
| Year Built | 1976 |
| Parking Ratio | 2.47/1,000 SF |
| Zoning | SU |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Freezer
- Pantry
- Patio
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Laundry Facilities
- Playground
- Property Manager on Site
- Pet Play Area
- Maintenance on site
- Online Services
- Public Transportation
- On-Site Security Staff
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 569 |
| 2+1 | 38 | - | 748 |
| 3+1.5 | 50 | - | 900 |
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PROPERTY TAXES
| Parcel Number | 29136 | Improvements Assessment | $2,346,168 CAD |
| Land Assessment | $243,381 CAD | Total Assessment | $2,589,550 CAD |
PROPERTY TAXES
Parcel Number
29136
Land Assessment
$243,381 CAD
Improvements Assessment
$2,346,168 CAD
Total Assessment
$2,589,550 CAD
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Lodges on Lotus Lane | 3301 Lotus Ln
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