Catylist ID: #30523564
Multi-Family for Sale
|Catylist Listing ID:||30523564|
|Property Subtypes:||Senior Living|
|Number of Units:||23 Units|
|Building Size (RSF):||22,482 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||2.52 Acres|
|Sale Price:||See Agent|
|In Opportunity Zone?||Yes|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
Overview / Comments
This asset is prime for a value add renovation with average current rents well below the market rate for comparable properties. The current owner operates from a distant Fort Worth and as a result overspends on employee costs and is hindered in marketing.
Control the rural market outside Lubbock.
Significant upside with rents.
Ability to easily turn existing assisted living facility into memory care to meet demand.
Additional land to add additional assisted living facility.
Tax advantages of Opportunity Zone.
Attachments & Media
|Site Description:||Strategically located in Brownfield, this asset offers the unique opportunity to control the senior rural market outside Lubbock. Located in an Opportunity Zone.|
|Proximity:||1 mile||3 miles||5 miles|
Marty ClecklerWestMark Commercial | TCN Worldwide West Texas CIE Member
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