Description:
The Go-Getters Team at KW Commercial have been exclusively retained by seller to offer The Cove Apartments, in Lubbock TX. The Cove is a 119 unit 3 story property located near the medical district, off of Marsha Sharp Freeway and Quaker Ave. The property is a four minute drive to Texas Tech University, a five minute walk to the nearest park and a two minute drive from the Covenant Medical District. This is a very convenient location to some of Lubbock's largest employers.
This area has strong demographics in the 1 mile radius. The average home value is 34% higher in the 1 mile vs. 5 mile radius. The average income in the 1 mile radius of over $66,000 is 18.2% higher than it is in the 5 mile radius surrounding the property. The area will support higher rents with a properly executed value add plan.
Highlights:
Three story garden style complex
Nice, well-maintained affordable units in great location
Updated landscaping
Strong income demographics in the area
Approximately $100,000 spent on interior and exterior upgrades in last 2 years
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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
What is the asking price for 4501 Brownfield Drive in Lubbock?
The asking price for 4501 Brownfield Drive is $4,750,000
What is the building size of this Multifamily property in Lubbock, TX?
The size of the building/unit at 4501 Brownfield Drive in Lubbock is 49,651 square feet
How much land does the Lubbock, TX property at 4501 Brownfield Drive include?
4501 Brownfield Drive in Lubbock includes 1.800 acres of land
What is the population within 1 mile of 4501 Brownfield Drive in Lubbock?
The population within 1 mile of 4501 Brownfield Drive Lubbock, TX 79410 is 10,316 people.
Who do I contact for questions about 4501 Brownfield Drive?
You should contact the listing agent,
Greg Brownd, for any details regarding this commercial listing.
