The Jackson Listing Details & Market Data

The CBC Texas Multifamily Group has been exclusively retained by Seller in connection with the sale of The Jackson Apartments in Lubbock, TX. The Jackson Apartments is a two-story garden-style apartment community located ½ mile north of Texas Tech University. This unique community consists of 86 units and was built in 1967 (currently being renovated). *Principal brokers have minority ownership stake in the subject property. The Jackson is situated within an improving working-class & student rental area with property amenities including great access to public transportation, close proximity to Texas Tech University, gated property with electronic key access, large lawns for recreational use, close to the Overton area offering many options of shopping, dining, and entertainment, large on-site shop offering a potential conversion to a laundry facility and Clubhouse, on-call maintenance, picnic area, nearby public parks, walking distance to Cavazos Middle School, adjacent to the North Town Plaza consisting of Dollar Tree, McDonald’s, United Supermarket, Rent-A-Center, and Wells Fargo. Property has renovated interiors with vinyl wood flooring, upgraded bathrooms/vanities, functional kitchen space, oven, stove top, and refrigerator. There are three (3) unique floorplans being 496, 600, & 908 square feet, which have eight-foot ceilings and functional living space throughout. Interior features include ovens, refrigerators, replaced/refurbished cabinetry and countertops, and good-sized bedrooms. *Not Applicable to Every Unit