Sagewood Villas 300 S John Redditt Dr 89 Unit Apartment Building For Sale Lufkin, TX 75904

Summary:
The Multifamily Group is pleased to present the exclusive offering of Sagewood
Villas, an 89-unit apartment complex located in Lufkin, Texas. Constructed
in 1979, the property offers a diverse mix of studio, one-, and two-bedroom
floor plans in a well-established community positioned within one of East Texas’
strongest employment corridors. It is currently 94% occupied, compared to
a strong submarket occupancy rate of 97%. Sagewood Villas is being offered
free and clear of existing debt.
Value-Add:
• Renovate the Remaining 66 Units to Capture Proven $100–$150/Month
Rent Premiums (23 Units Already Achieving $100–$150/Month Premiums)
• Reduce Operating Expenses to Comparable Averages.
Location:
Sagewood Villas is strategically located along South John Redditt Drive in the
heart of Lufkin’s medical district, one of the city’s most established residential
and employment centers. The property benefits from immediate access to
Loop 287 and the US 59 corridor, which is currently being upgraded to interstate
standards as the future Interstate 69, a major Mexico-to-Canada trade
route. With TxDOT completing the interstate-standard Diboll Relief Route just
south of Lufkin in early 2026 and construction now advancing north through
the region, the property is well positioned to benefit from enhanced regional
connectivity and long-term economic growth.
The surrounding area is anchored by two regional hospitals, Angelina College,
and numerous medical offices, creating a consistent demand for workforce
housing from healthcare professionals and support staff. Residents also enjoy
close proximity to Walmart Supercenter, Sam’s Club, H-E-B, Brookshire Brothers,
and numerous local restaurants, shopping destinations, and entertainment
options. Downtown Lufkin is only minutes away, offering additional dining,
retail, and government services.