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Lufkin Portfolio 2 Multifamily Properties in Lufkin, TX
Investment Highlights
- 100-unit multifamily portfolio in Lufkin, TX consisting of The Californian (1970) and Falling Waters (1973)
- Significant value-add opportunity through implementation of RUBS at both all-bills-paid properties to enhance NOI.
- Located ~1.6 miles apart; mix of 1- and 2-bed units, individually sub-metered
- Interior renovation upside to push rents to proven market rates; Falling Waters offers in-unit W/D connections, while The Californian features on-site
Executive Summary
100-unit multifamily portfolio in Lufkin, TX consisting of The Californian (1970) and Falling Waters (1973), located ~1.6 miles apart; mix of 1- and 2-bed units, individually sub-metered.
Significant value-add opportunity through implementation of RUBS at both all-bills-paid properties to enhance NOI.
Interior renovation upside to push rents to proven market rates; Falling Waters offers in-unit W/D connections, while The Californian features on-site laundry.
Significant value-add opportunity through implementation of RUBS at both all-bills-paid properties to enhance NOI.
Interior renovation upside to push rents to proven market rates; Falling Waters offers in-unit W/D connections, while The Californian features on-site laundry.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 94,800 SF |
| Number of Properties | 2 | Total Land Area | 4.02 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 94,800 SF |
| Total Land Area | 4.02 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Falling Water Apartments
101 Lazy Oaks St, Lufkin, TX 75901 |
Multifamily | 66,000 SF | 1973 | - |
|
The Californian Apartments of Lufkin
501 Charlton St, Lufkin, TX 75901 |
Multifamily | 28,800 SF | 1970 | - |
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