Villa Del Sol

Multi-Family for Sale
Catylist Listing ID: 30764638
Property Subtypes: Low-Rise/Garden
Number of Units: 8 Units
Building Size (RSF): 5,888 SF
Gross Building Area: See Agent
Sale Price: $575,000
Unit Price: $71,875 Per Unit
Property Use Type: Investment
Building Name: Villa Del Sol Apartments
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 10/21/2021

Overview / Comments

Villa Del Sol is an eight unit, two-story apartment building. The opportunity to increase net income on this property is by allocating utilities back to the tenants. The water, trash, sewer, and gas is master metered. The new owner could reduce expenses by implementing RUBS program and allocating these expenses like some of the other properties in the area. The current owner also pays for electric. It is separately metered and the new owner could lower expenses by having tenants pay their own electric bills. Villa Del Sol Apartments is a good opportunity for an investor who’s willing to make a few minor changes to the property operations in order to increase NOI.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R50483
Percent Occupied: 100%
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1966

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,786 76,203 168,767
Median Age: 26.82 28.7 30.7
Households: 3,953 26,894 64,292

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