Chase Tucker - Commercial Real Estate Showcase

Chase Tucker Property Listings
Managing Director
Coldwell Banker Commercial Capital Advisors
4924 S Tx-289-loop
Lubbock, TX 79414

1102 Sherman Avenue - Park Terrace & Tower Arms Apartments

Levelland, TX 79336

Property Type:Multi-Family Number of Units:114 Status:Existing Year Built:-
Stories:2 Building Size:102,875 SF Land Area:7.6 AC (331,056 SF)
For Sale Price:$4,450,000 Price/Unit:$39,035.09 Cap Rate:7.43 % GRM:-


Sale Notes:
CBC Texas Multifamily Group has been exclusively retained to offer for purchase the PARK TERRACE and TOWER ARMS APARTMENTS located at 1102 Sherman Ave. in Levelland, Texas. Park Terrace and Tower Arms Apartments are two contiguous apartment communities strategically located in central Levelland directly across the street from South Plains College. The offering of this 114-unit asset provides investors with a significant value-add opportunity investment through a rental rate increase. With minor upgrades, Park Terrace and Tower Arms Apartments can be positioned to effectively compete with its surrounding competition and become a long-term, consistently performing asset.
In the heart of the South Plains of Texas' Panhandle, Levelland is the County Seat of Hockley county, one of the top petroleum and agriculture producing counties in Texas. Located just 25 miles west of the Lubbock Metropolitan area, Levelland offers a small city lifestyle while being only minutes away from all the amenities of a large city.

The property boast an excellent location in Levelland neighboring one of the few recreational parks in the city. The property is surrounded by Levelland' s elementary school, middle school, and high school, as well as positioned directly adjacent to South Plains College, one of the top performing colleges in the panhandle. The property is just 0.75 miles from the Levelland Country Club.

There is an excellent selection of restaurants within a short walking distance including: Taco Villa, Dairy Queen, Pizza Hut / Wing Street, KFC, Burger King, Subway, and many more.

Also within a five minute drive residents have a convenient selection of shopping destinations including: Wal-Mart, United Supermarkets, Bealls, Dollar General, Family Dollar, Dollar Tree, CVS, Auto Zone, Radio Shack, Ace Hardware, JCPenney, O' Reilly Auto Parts, and more.

Coldwell Banker Commercial Capital Advisors
Chase Tucker
(806) 784-3268

Taylor D Tucker
(806) 793-0888 x260

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