Value-Add Apartment
1100 S Wicker Avenue Littlefield, TX 79339
1100 S Wicker Avenue, Littlefield, TX, 79339
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For Sale
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Apartment community with 45 units and roughly 93% occupancy, offering room to increase NOI through rent adjustments.
Property Size35,866 SF
Price / SF$66.92
Days on Market88
Property Features for 1100 S Wicker Avenue
General Information
- Standard status
- Active
- Size
- 35,866 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing agency
FIMC Commercial Realty
(806) 358-7151
Listed by
Kirk Chudej · License #TX 604402
Source
Crexi
Added: Apr 27 Updated: Jul 21 at 7:16PM Checked: Jul 22 at 6:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FIMC Commercial Realty
Investment Insights
Based on property information with market context.
Oak Terrace Apartments is a 45-unit multifamily community currently operating at approximately 93% occupancy. The property’s trailing performance reflects total income of approximately $340,126 and trailing NOI of approximately $238,940.
The asset is located at 1100 S Wicker Avenue in Littlefield, Texas, in close proximity to Highway 385 and Highway 84. Ownership has maintained the property, while rents remain below market averages, supporting a value-add strategy focused on strategic rent adjustments.
Financially, trailing results also indicate approximately $270,938 NOI before fixed expenses, providing an entry point designed for yield, supported by ongoing occupancy and consistent income performance.
The asset is located at 1100 S Wicker Avenue in Littlefield, Texas, in close proximity to Highway 385 and Highway 84. Ownership has maintained the property, while rents remain below market averages, supporting a value-add strategy focused on strategic rent adjustments.
Financially, trailing results also indicate approximately $270,938 NOI before fixed expenses, providing an entry point designed for yield, supported by ongoing occupancy and consistent income performance.
Key Highlights
- Oak Terrace Apartments is a 1970‑built, 45‑unit multifamily property in Littlefield, TX
- Approximately 93% occupancy currently, with strong collections and consistent income performance
- Trailing financials show about $238,940 NOI on about $340,126 total income (about 9.96% cap rate)
Property Analytics
Location Intelligence
Current Use by Public Records
Littlefield Apartments
Apartment Building
Oak Terrace Apartments
Apartment Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Apartment community with 45 units and roughly 93% occupancy, offering room to increase NOI through rent adjustments.
Where is this apartment building located?
The property is located at 1100 S Wicker Avenue Littlefield, TX.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Oak Terrace Apartments is a 1970‑built, 45‑unit multifamily property in Littlefield, TX; Approximately 93% occupancy currently, with strong collections and consistent income performance; Trailing financials show about $238,940 NOI on about $340,126 total income (about 9.96% cap rate)
