Raider Pointe Apartments

2010 Avenue S Lubbock, TX 79411

2010 Avenue S, Lubbock, TX, 79411
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
Please Call Broker for Price

Last Verified:
Apr 08, 2024

Highlights

  • Opportunity to implement RUBS
  • 1.0 Miles from a top 3 employer in Lubbock

Description

This 20-unit apartment complex in Lubbock, TX, offers one-bedroom units, and one efficiency apartment. The property includes an on-site laundry facility, and is operated with an all bills paid model. Positioned in a strategic location, it presents a solid investment opportunity with potential for high occupancy rates and steady rental income.

The Lubbock, Texas apartment market is characterized by steady growth, driven by the city's expanding population and the presence of Texas Tech University, which fuels demand for rental housing. With a diverse range of housing options, Lubbock offers competitive rental prices and a healthy occupancy rate. The market continues to attract investors looking for stable returns in a community with a strong economic foundation and potential for long-term growth. Raider Pointe is positioned with easy access to Texas Tech university, I-27, and Marsha Sharp, offering tenants convenient access to all of Lubbock.


Year Built: 1965
Building Size: 13500sq ft
Lot Size: 0.47 acres


Documents

Raider Pointe Offering Memorandum.pdf

Map of 2010 Avenue S, Lubbock, TX, 79411

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.