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- LoopNet Team
306 Toledo Ave
Lubbock, TX 79416
Cottage Point Apartments · Multifamily Property For Sale
·
70 Units
Investment Highlights
- Great Location and short drive times to Texas Tech and major employers
- Opportunity to add value using RUBS for utilities
- Strong demographics: Average household income is 65% higher and home values are 32% higher in 1 mile radius versus 3 mile radius
- Located adjacent to Capstone Collegiate Community student housing project
- Located between highly valued Whisperwood and Rush neighborhoods
Property Facts
| No. Units | 70 | Building Size | 48,561 SF |
| Property Type | Multifamily | Average Occupancy | 91% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1975/2013 |
| Building Class | C | Parking Ratio | 0.82/1,000 SF |
| Lot Size | 1.53 AC | ||
| Zoning | MF | ||
| No. Units | 70 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.53 AC |
| Building Size | 48,561 SF |
| Average Occupancy | 91% |
| No. Stories | 3 |
| Year Built/Renovated | 1975/2013 |
| Parking Ratio | 0.82/1,000 SF |
| Zoning | MF |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Range
- Walk-In Closets
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Walk-Up
- Smoke Detector
About 306 TOLEDO AVE , LUBBOCK, TX 79416
Toledo Court is a 70 unit complex located in Lubbock TX right off of 4th Street between Slide and Quaker. It’s in a high traffic count area, close to Texas Tech University, University Medical Center, Lubbock Christian University, and Covenant Hospital. It’s also close to Loop 289 and the Marsha Sharp Freeway which provides easy access throughout Lubbock. This is a great opportunity to own a Class C property in a Class A location. Opportunities to add value would be to implement a water conservation and RUBS program. Please call listing agent to schedule property tours.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 19 | $595.00 | 452 |
| 1+1 | 18 | $695.00 | 606 |
| 2+1 | 33 | $795.00 | 749 |
Property Taxes
| Parcel Number | R112191 | Improvements Assessment | $3,877,305 |
| Land Assessment | $138,771 | Total Assessment | $4,016,076 |
Property Taxes
