469-607-3837
300 S John Redditt Dr, Lufkin, TX for Sale
Apartments - FOR SALE
1/20
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300 S John Redditt Dr
Lufkin, TX 75904


HIGHLIGHTS

  • Renovated Units are Attaining $100-$150/Month Premiums
  • Continue Renovating 66 Remaining Units
  • Five-Year-Old Roof with Recent 2024 Reseal
  • High Visibility On Loop-287 (11,000+ VPD)
  • Double Digit Cash-on-Cash by the End of Year 1
  • Offered Free and Clear of Existing Debt

OVERVIEW

Summary: The Multifamily Group is pleased to present the exclusive offering of Sagewood Villas, an 89-unit apartment complex located in Lufkin, Texas. Constructed in 1979, the property offers a diverse mix of studio, one-, and two-bedroom floor plans in a well-established community positioned within one of East Texas’ strongest employment corridors. It is currently 94% occupied, compared to a strong submarket occupancy rate of 97%. Sagewood Villas is being offered free and clear of existing debt. Value-Add: • Renovate the Remaining 66 Units to Capture Proven $100–$150/Month Rent Premiums (23 Units Already Achieving $100–$150/Month Premiums) • Reduce Operating Expenses to Comparable Averages. Location: Sagewood Villas is strategically located along South John Redditt Drive in the heart of Lufkin’s medical district, one of the city’s most established residential and employment centers. The property benefits from immediate access to Loop 287 and the US 59 corridor, which is currently being upgraded to interstate standards as the future Interstate 69, a major Mexico-to-Canada trade route. With TxDOT completing the interstate-standard Diboll Relief Route just south of Lufkin in early 2026 and construction now advancing north through the region, the property is well positioned to benefit from enhanced regional connectivity and long-term economic growth. The surrounding area is anchored by two regional hospitals, Angelina College, and numerous medical offices, creating a consistent demand for workforce housing from healthcare professionals and support staff. Residents also enjoy close proximity to Walmart Supercenter, Sam’s Club, H-E-B, Brookshire Brothers, and numerous local restaurants, shopping destinations, and entertainment options. Downtown Lufkin is only minutes away, offering additional dining, retail, and government services.

FOR SALE DETAILS

PRICE

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# OF UNITS

89

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sagewood Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

161

LAND DETAILS

LAND ACRES

2.78 AC

LAND SF

121,097 SF

ZONING

-

APN/PARCEL ID

11985

ASK ABOUT THIS PROPERTY

Yonnic LandThe Multifamily GroupMore Info
469-607-3837

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Yonnic LandThe Multifamily GroupMore Info
469-607-3837

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.