Turning Point Townhomes

Multi-Family for Sale
Catylist Listing ID: 30402329
Property Subtypes: Duplex/Fourplex
Number of Units: 22 Units
Building Size (RSF): 47,710 SF
Gross Building Area: See Agent
Sale Price: $2,200,000
Unit Price: $100,000 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 10/30/2019

Overview / Comments

Turning Point Townhomes is a 11 property duplex package. Each of the 22 units
are 3 bed, 3 bath, and have a 2 car garage which is ideal for student living or
roommates who all want their own bathroom. They were built in 2003 and are
priced about 2/3 of what new construction duplexes in the area are currently
selling for. This is an opportunity to own multiple, income producing, duplexes that
are in a convenient location, and priced well under replacement cost. Properties
may be bought as a package or as individual duplexes.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R173710
Total Number of Buildings: 11
Number of Stories: 1
Legal Description: WESTERN ESTATES L 256 WESTERN ESTATES L 268 WESTERN ESTATES L 246 WESTERN ESTATES L 269 WESTERN ESTATES L 260 WESTERN ESTATES L 270 WESTERN ESTATES L 206 WESTERN ESTATES L 217 WESTERN ESTATES L 216 WESTERN ESTATES L 258 WESTERN ESTATES L 218 WESTERN ESTATES L 263 WESTERN ESTATES L 215 WESTERN ESTATES L 209 WESTERN ESTATES L 210 WESTERN ESTATES L 264 WESTERN ESTATES L 265 WESTERN ESTATES L 212 WESTERN ESTATES L 211

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,255 48,726 127,597
Median Age: 24.2 29.52 29.45
Households: 2,672 19,103 49,491

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