3301 Lotus Ln - Apartments FOR SALE
Lufkin, TX 75904 |
3301 Lotus Ln
Lufkin, TX 75904
HIGHLIGHTS
- The area has seen consistent demand for well-located rental housing, especially in the workforce and affordable housing sectors.
- Renovated properties in the area are commanding higher rents, and occupancy trends indicate demand for quality housing in this location.
- The property benefits from excellent accessibility to major thoroughfares, including Loop 287 and US Highway 59.
- Lufkin serves as a regional hub for a broad service area, providing jobs, education, and retail.
- The city's population has been relatively stagnant in recent years, but it remains the largest community within an 80-mile radius.
- This offering provides investors with significant upside potential through a strategic value-add program or repositioning initiative.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Redland Ridge
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
81224
STORIES
1
YEAR BUILT
1976
PARKING SPACES
201
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
29136
