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Westlake Apartments 5202 Bangor Ave 115 Unité Immeuble d’appartements À vendre Lubbock, TX 79414
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Opportunity to Add a Cable and Internet Package, Bring the Down Unit Back Online, and Implement Reserved Parking
- More than Half are 2-Bedroom Units with 1,080 SF
- 71 of the Units have Washers and Dryers Included
- Current Ownership has Injected Over $2.6MM in Capital Expenditures
- 70% of the HVAC Systems have been Replaced, Along with 85% of the Sewer Lines, Over the Last Three Years
- Within 1.5-Miles of Starbucks, Costco, Sam’s Club, Target, and the South Plains Mall
Résumé de l'annonce
Summary:
The Multifamily Group is pleased to present the exclusive offering of Westlake Apartments, a
unique, value-add opportunity in Lubbock, Texas. Built in 1973, the property comprises 115 units
averaging 907 square feet. The community offers a mix of one- and two-bedroom floor plans,
with more than half of the units featuring spacious 1,080-square-foot, two-bedroom layouts.
Current ownership has invested approximately $2.6 million in capital improvements throughout
the property (CapEx list is available upon request). It is currently 83% occupied, compared to a
strong submarket occupancy rate of 97%.
Value-Add:
• Implement a cable and internet package to generate additional monthly revenue.
• Bring the down unit back online.
• Introduce reserved parking as an additional revenue stream.
Location:
The Westlake Apartments are strategically located in Southwest Lubbock near Loop 289, providing
convenient access to many of the city’s largest employment, education, retail, and healthcare
destinations. The property is less than 10 minutes from Texas Tech University and Lubbock’s
major medical centers, including Covenant Medical Center and University Medical Center. Texas
Tech reached a record enrollment of more than 45,000 students in the fall of 2026, while Covenant
Health and UMC represent two of the region’s largest healthcare employers.
The property is positioned near one of Lubbock’s primary retail corridors, with South Plains Mall
nearby, and Target and Costco less than five minutes away. Residents also have convenient access
to numerous restaurants and entertainment options, including Starbucks, The Cheesecake
Factory, Chili’s, and Dutch Bros.
The Multifamily Group is pleased to present the exclusive offering of Westlake Apartments, a
unique, value-add opportunity in Lubbock, Texas. Built in 1973, the property comprises 115 units
averaging 907 square feet. The community offers a mix of one- and two-bedroom floor plans,
with more than half of the units featuring spacious 1,080-square-foot, two-bedroom layouts.
Current ownership has invested approximately $2.6 million in capital improvements throughout
the property (CapEx list is available upon request). It is currently 83% occupied, compared to a
strong submarket occupancy rate of 97%.
Value-Add:
• Implement a cable and internet package to generate additional monthly revenue.
• Bring the down unit back online.
• Introduce reserved parking as an additional revenue stream.
Location:
The Westlake Apartments are strategically located in Southwest Lubbock near Loop 289, providing
convenient access to many of the city’s largest employment, education, retail, and healthcare
destinations. The property is less than 10 minutes from Texas Tech University and Lubbock’s
major medical centers, including Covenant Medical Center and University Medical Center. Texas
Tech reached a record enrollment of more than 45,000 students in the fall of 2026, while Covenant
Health and UMC represent two of the region’s largest healthcare employers.
The property is positioned near one of Lubbock’s primary retail corridors, with South Plains Mall
nearby, and Target and Costco less than five minutes away. Residents also have convenient access
to numerous restaurants and entertainment options, including Starbucks, The Cheesecake
Factory, Chili’s, and Dutch Bros.
Faits sur la propriété
| Type de vente | Investissement | Taille du lot | 5,01 AC |
| Nombre d’unités | 115 | Taille du bâtiment | 119 650 pi² |
| Type de propriété | Immeuble residentiel | Occupation moyenne | 80% |
| Sous-type de propriété | Appartement | Nombre d’étages | 2 |
| Style d’appartement | Jardin | Année de construction | 1973 |
| Classe d’immeuble | C | ||
| Zonage | B2 | ||
| Type de vente | Investissement |
| Nombre d’unités | 115 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | C |
| Taille du lot | 5,01 AC |
| Taille du bâtiment | 119 650 pi² |
| Occupation moyenne | 80% |
| Nombre d’étages | 2 |
| Année de construction | 1973 |
| Zonage | B2 |
Commodités
Commodités des unités
- Prêt pour le câble
- Lave-vaisselle
- Foyer
- Laveuse/Sécheuse
- Chauffage
- Ventilateurs de plafond
- Cuisine
- Réfrigérateur
- Walk-in
Commodités du site
- Accès 24 heures
- Centre d’affaires
- Clubhouse
- Centre de conditionnement physique
- Installations de lessive
- Espace de pique-nique
- Piscine
- Gestionnaire d'immeuble sur place
- Grill
- Espace de jeu pour animaux de compagnie
- Entretien sur place
1 1
Moyennement accessible à pied
60/100
Très bien adapté aux voitures
80/100
Transports en commun limités
30/100
Plutôt accessible en vélo
40/100
Impôts fonciers
| Numéro de lot | R39044 | Évaluation des bâtiments | 6 806 573 $ CAD |
| Évaluation du terrain | 604 301 $ CAD | Évaluation totale | 7 410 874 $ CAD |
Impôts fonciers
Numéro de lot
R39044
Évaluation du terrain
604 301 $ CAD
Évaluation des bâtiments
6 806 573 $ CAD
Évaluation totale
7 410 874 $ CAD
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Westlake Apartments | 5202 Bangor Ave
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