124-Unit Apartment
4602 50th Street Lubbock, TX 79414
4602 50th Street, Lubbock, TX, 79414
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For Sale
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124-unit apartment community in Lubbock, TX, currently about 79% occupied with renovated interiors for 79 units.
Days on Market37
Property Features for 4602 50th Street
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agency
Dallas Office
(972) 755-5194
Listed by
John T. McGregor · License #License(s): TX: 646474
(972) 755-5194
Source
Marcusmillichap
Added: Jun 17 Updated: Jul 22 at 10:34AM Checked: Jul 22 at 10:34AM
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Investment Insights
Based on property information with market context.
Marcus & Millichap presents Lubbock Square, a 124-unit apartment community in Lubbock, Texas. The property is currently approximately 79% occupied. Ownership has completed significant capital improvements, including renovations to 79 unit interiors with modern finishes.
According to the offering remarks, the community trails nearby competitors, which have reached roughly 93% occupancy, and it may benefit from improved leasing performance. Additional revenue growth is described as possible by aligning below-market rents with competitive levels. The materials also discuss disciplined expense management with potential to reduce annual operating expenses by more than $200,000.
The offering further notes attractive bridge financing with an interest-only structure and financing for eligible capital improvements, supporting the stated plan for increased cash flow and long-term value.
According to the offering remarks, the community trails nearby competitors, which have reached roughly 93% occupancy, and it may benefit from improved leasing performance. Additional revenue growth is described as possible by aligning below-market rents with competitive levels. The materials also discuss disciplined expense management with potential to reduce annual operating expenses by more than $200,000.
The offering further notes attractive bridge financing with an interest-only structure and financing for eligible capital improvements, supporting the stated plan for increased cash flow and long-term value.
Key Highlights
- 124‑unit apartment community in Lubbock, TX
- Currently approximately 79% occupied; near‑term upside versus nearby competitors cited at roughly 93% occupancy
- 79 unit interiors renovated with modern finishes
Property Analytics
Location Intelligence
Current Use by Public Records
Lubbock Square Apartments
Apartment Building
Church house
Church
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FAQs
What type of property is this?
Apartment building - 124-unit apartment community in Lubbock, TX, currently about 79% occupied with renovated interiors for 79 units.
Where is this apartment building located?
The property is located at 4602 50th Street Lubbock, TX.
What are key features of this property?
This property features: 124‑unit apartment community in Lubbock, TX; Currently approximately 79% occupied; near‑term upside versus nearby competitors cited at roughly 93% occupancy; 79 unit interiors renovated with modern finishes
