Texas / Lubbock / 79413 / 6201 Indiana Avenue

6201 Indiana Avenue

Q: What is the building size of this Multifamily property in Lubbock, TX?

The size of the building/unit at 6201 Indiana Avenue in Lubbock is 133,175 square feet.

Q: How much land does the Lubbock, TX property at 6201 Indiana Avenue include?

6201 Indiana Avenue in Lubbock includes 4.000 acres of land.

Q: What is the population within 1 mile of 6201 Indiana Avenue?

The population within 1 mile of 6201 Indiana Avenue Lubbock, TX 79413 is 13,313 people.

Q: Who do I contact for questions about 6201 Indiana Avenue?

You should contact the listing agent, Greg Brownd, for any details regarding this commercial listing.

Lubbock, TX 79413

Listing ID: 266996

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Building Size: 133,175 SF

Lot Size: 4.000 AC

Land Size: 174,240 SF

Building $/SF: --

Land $/SF: --

Price

Call for Pricing

Description

Del Estrado Townhomes consists of a mix of 3 and 4 bedroom townhome units. Each unit is upstairs/ downstairs and has fenced patios, and an attached garage. The upstairs bedrooms have a balcony. This is a very unique townhome property that is ideal for residents who want more than a basic apartment, and who haven’t bought a home yet. The main competition for residents are single family rentals in the area, most of which don’t have the community amenities and location that Del Estrado has.
After making a few operational improvements to the property and getting some of the expenses in line with market averages, the projected 5 year average cash on cash return is 11.4% and the 5 YR IRR is 17.7%.
After implementing the value add program, the projected IRR for a 5 year hold period is 21.3%, and the average cash on cash return will be 16.5%.

Points of Interest & Demographic Radii

Points of Interest

Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Lubbock History of Multifamily Housing for Sale

Listing Demographics for 6201 Indiana Avenue Lubbock, TX 79413

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		13,313	120,553	211,015
Population Median Age		40	36	35
Population by Age	0-9 Yrs	1600 (12%)	15663 (12%)	26283 (12%)
	10-19 Yrs	1938 (14%)	17437 (14%)	33056 (15%)
	20-29 Yrs	1734 (13%)	24645 (20%)	46913 (22%)
	30-39 Yrs	1643 (12%)	16128 (13%)	27193 (12%)
	40-49 Yrs	1402 (10%)	11722 (9%)	20451 (9%)
	50-59 Yrs	1641 (12%)	12429 (10%)	21277 (10%)
	60-69 Yrs	1619 (12%)	11247 (9%)	18359 (8%)
	70+ Yrs	1736 (13%)	11282 (9%)	17484 (8%)

Median HH Income		$59,709	$51,434	$50,257
Total Household Income	< 24K	881 (16%)	10460 (22%)	19894 (24%)
	25-49K	1311 (24%)	12223 (26%)	20160 (25%)
	50-74K	763 (14%)	8092 (17%)	13692 (17%)
	75-99K	656 (12%)	5847 (12%)	9594 (11%)
	100-199K	1281 (24%)	8114 (17%)	13684 (17%)
	200K+	360 (6%)	1715 (3%)	3412 (4%)

Highest Education Level	No Diploma	830	9923	16341
	Diploma or GED	1811	17044	29570
	Some College	2040	17976	29650
	Assoc. Degree	411	4172	7217
	Bachelors Degree	2430	14913	24532
	Higher Degree	1262	8756	14838

Total Housing Units		5,740	51,272	89,954
--Owner-Occupied		3,553	24,872	41,129
--Renter-Occupied		1,699	21,580	39,307
Owner-Occupied Values	< 100K	515	7043	11560
	100-199K	2087	11883	18003
	200-299K	725	3579	6468
	300-399K	145	1362	2592
	400-499K	53	437	1055
	500K+	28	568	1452

Total Working Age Population		10,383	94,878	168,291
In Work Force		6,984	62,575	109,896
Not In Work Force		3,400	32,304	58,395
Workforce Employed		6,798	60,464	105,452
Workforce Unemployed		186	2,009	4,273
Civlian Workforce		6,984	62,473	109,726
Military Workforce		0	102	170

Total Households		5,253	46,452	80,436
Family Households		3,513	28,213	47,226
Non-Family Households		1,740	18,238	33,210
Married Couple		2,660	19,297	32,196
Other Family		852	8,916	15,031
Married w/Child		1,230	7,979	13,210
Single Male w/Child		107	1,447	2,145
Single Female w/Child		302	3,356	6,131

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Texas	20,851,820	+21	25,145,561	+18	29,677,668	+18	34,894,452
Lubbock County	242,628	+15	278,831	+14	317,210	+16	367,552

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

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.

Common Questions and Answers

What is the building size of this Multifamily property in Lubbock, TX?

The size of the building/unit at 6201 Indiana Avenue in Lubbock is 133,175 square feet

How much land does the Lubbock, TX property at 6201 Indiana Avenue include?

6201 Indiana Avenue in Lubbock includes 4.000 acres of land

What is the population within 1 mile of 6201 Indiana Avenue in Lubbock?

The population within 1 mile of 6201 Indiana Avenue Lubbock, TX 79413 is 13,313 people.

Who do I contact for questions about 6201 Indiana Avenue?

You should contact the listing agent, Greg Brownd, for any details regarding this commercial listing.

Other Listings for Sale Nearby

Address	Price	Sq Ft	Acres
2702 44th St, Lubbock, TX	$900,000	12680	1.44
4421 82nd Street, Lubbock, TX	CALL	360480	17.89
5402 66th Street, Lubbock, TX	CALL	181602	10.1
4501 Brownfield Drive, Lubbock, TX	$4,750,000	49651	1.8
1612 Ave Y, Lubbock, TX	CALL	46925	1.04
5710 4th Street, Lubbock, TX	CALL	189384	10.02
808 Avenue H, Levelland, TX	CALL	13500	0.49
26051 Heavenly Lane, Wildorado, TX	$1,300,000	19700	17.33
1506 Greenwood Street, San Angelo, TX	CALL	15118	1
1100 Indiana Street, Graham, TX	$3,490,000	21818	2.5

Closest Commercial Airports

Airport	Distance (mi)
Lubbock Preston Smith International Airport (LBB)	9
Rick Husband Amarillo International Airport (AMA)	117
Sheppard Air Force Base-Wichita Falls Municipal Airport (SPS)	197