Pecos Pointe Apartments

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30779508
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 52 Units
Building Size (RSF): 36,020 SF
Gross Building Area: See Agent
Sale Price: See Agent
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 1/21/2022

Overview / Comments

Pecos Pointe Apartments is a 52 unit, two story, pitched roof, brick construction property located in Lubbock, TX. It has a mix of one and two bedroom units. The current asking rents average $567 and are about $120/unit below the other market rate properties within a 1.5 mile radius. ALN's latest rent survey shows Lubbock's November market occupancy at 92.1% and rent growth at 5.2% over last year.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R34111
Total Number of Buildings: 4
Number of Stories: 2
Year Built: 1980

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,991 90,557 179,279
Median Age: 33.38 34.71 32.74
Households: 5,640 35,739 69,615

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