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3301 Lotus Ln
Lufkin, TX 75904
Redland Ridge · Multifamily Property For Sale
·
100 Units
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.
Property Facts
| No. Units | 100 | Lot Size | 11.22 AC |
| Property Type | Multifamily | Building Size | 81,224 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1976 |
| Building Class | C | Parking Ratio | 2.47/1,000 SF |
| Zoning | SU | ||
| 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 |
Property Taxes
| Parcel Number | 29136 | Improvements Assessment | $1,665,000 |
| Land Assessment | $172,720 | Total Assessment | $1,837,720 |
Property Taxes
Parcel Number
29136
Land Assessment
$172,720
Improvements Assessment
$1,665,000
Total Assessment
$1,837,720
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