201 Indiana Ave | Lubbock, TX 79415
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- LoopNet Team
201 Indiana Ave
Lubbock, TX 79415
The Pointe Apartments · Multifamily Property For Sale
·
89 Units
Investment Highlights
- Only blocks away from Texas Tech
- Across Indiana from the new VA Hospital and Rawls Golf Course
- Almost $1m in cap ex already done by current owner
- Across 4th Street from University Medical Center
- In Opportunity Zone
- Under certain conditions, the existing loan may extend for the new buyer at 92% of the purchase price, for one year
Property Facts
| No. Units | 89 | Building Size | 80,232 SF |
| Property Type | Multifamily | Average Occupancy | 42% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1973/2020 |
| Building Class | C | Parking Ratio | 1.99/1,000 SF |
| Lot Size | 2.59 AC |
| No. Units | 89 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.59 AC |
| Building Size | 80,232 SF |
| Average Occupancy | 42% |
| No. Stories | 3 |
| Year Built/Renovated | 1973/2020 |
| Parking Ratio | 1.99/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Fireplace
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- High Speed Internet Access
- Refrigerator
- Walk-In Closets
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Tenant Controlled HVAC
- Grill
- Renters Insurance Program
- Volleyball Court
- Hearing Impaired Accessible
- Maintenance on site
- Online Services
- Vision Impaired Accessible
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | 658 |
| 2+1.5 | 20 | - | 822 |
| 3+1.5 | 45 | - | 822 |
| 3+2 | 12 | - | 1,129 |
| 3+3 | 1 | - | 1,129 |
Property Taxes
| Parcel Number | R54771 | Improvements Assessment | $3,261,000 |
| Land Assessment | $339,000 | Total Assessment | $3,600,000 |
Property Taxes
Parcel Number
R54771
Land Assessment
$339,000
Improvements Assessment
$3,261,000
Total Assessment
$3,600,000
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