Summary: The Multifamily Group is pleased to present the exclusive offering of Westlake Apartments, a unique, value-add opportunity in Lubbock, Texas. Built in 1973, the property comprises 115 units averaging 907 square feet. The community offers a mix of one- and two-bedroom floor plans, with more than half of the units featuring spacious 1,080-square-foot, two-bedroom layouts. Current ownership has invested approximately $2.6 million in capital improvements throughout the property (CapEx list is available upon request). It is currently 83% occupied, compared to a strong submarket occupancy rate of 97%. Value-Add: • Implement a cable and internet package to generate additional monthly revenue. • Bring the down unit back online. • Introduce reserved parking as an additional revenue stream. Location: The Westlake Apartments are strategically located in Southwest Lubbock near Loop 289, providing convenient access to many of the city’s largest employment, education, retail, and healthcare destinations. The property is less than 10 minutes from Texas Tech University and Lubbock’s major medical centers, including Covenant Medical Center and University Medical Center. Texas Tech reached a record enrollment of more than 45,000 students in the fall of 2026, while Covenant Health and UMC represent two of the region’s largest healthcare employers. The property is positioned near one of Lubbock’s primary retail corridors, with South Plains Mall nearby, and Target and Costco less than five minutes away. Residents also have convenient access to numerous restaurants and entertainment options, including Starbucks, The Cheesecake Factory, Chili’s, and Dutch Bros.