Oak Terrace

1100 South Wicker Avenue Littlefield, TX 79339

1100 South Wicker Avenue, Littlefield, TX, 79339
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
Please Call Broker for Price

Last Verified:
Jun 21, 2024

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Highlights

  • Opportunity to recapture 75% of utilities through implementing RUBS.
  • Opportunity to increase income by reopening the 2nd laundry facility on site.

Description

Oak Terrace is a 44 unit apartment community located in Littlefield, Texas. This property has a combination of one bedroom and two bedroom units. Additionally, tenants have access to laundry facilities on site and a shimmering pool. Oak Terrace experiences high occupancy and stable operations giving investors a chance to seize an excellent opportunity in West Texas.

Oak Terrace is located in Littlefield, TX which is about 30 minutes northwest of Lubbock, TX. This is located across the street to the east of Littlefield High School. Littlefield is the county seat of Lamb county. The local economy is made up primarily of agriculture, and the top employers in the area are: Continental Dairy Services, Lowe’s Supermarket, Noltex Truss, and the Billy Clayton Detention Center.


Year Built: 1970
Building Size: 38660sq ft
Lot Size: 0 acres

Map of 1100 South Wicker Avenue, Littlefield, TX, 79339

Presented by:
Keller Williams Realty - KW Commercial - Accel Group

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Greg Brownd


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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."

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