Westlake East Listing Details & Market Data

5128 Aberdeen Avenue, Lubbock, TX 79414

  • For Sale Auction Price with Westlake West
  • Property Type Multi-Family
  • Property Size 71,475 SF
  • Units 59
  • Lot Size 2.58 Acre
  • Year Built 1973
  • Year Renovated 2023
  • Date Updated Apr 23, 2024
Discover the vibrant community surrounding the property located in Lubbock, TX. Situated near Texas Tech University, residents can enjoy the buzzing college atmosphere while being just minutes away from downtown. A variety of restaurants, shops, and entertainment options line the streets, catering to the diverse community in the area. For those seeking outdoor recreation, nearby parks provide an escape from city life. With easy access to major highways, this location offers convenience and accessibility. Investors interested in the Multifamily/Low-Rise/Garden segment will find value in the thriving local rental market and the strong presence of younger residents in the area.Explore this exceptional Multifamily property located in the thriving Lubbock area. Boasting a 69,200 SF building with 59 units, this well-maintained property presents an enticing investment opportunity. Renovated in 2023, it offers a modern and attractive living environment for residents. Zoned for Multifamily use, the property enjoys a high 84% occupancy rate, reflecting strong demand in the area. With a prime location, this investment promises convenience and accessibility for both residents and investors. Don't miss the chance to capitalize on this turnkey Multifamily asset in the heart of Lubbock.

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Attachments

Highlights

  • - Prime, Class A location north of the South Plains Mall
  • - Over 85% of units renovated in last two years
  • - Current rents below market due to construction lease up
  • - Within 3 miles of all major employers
  • - Strong market demand for multifamily housing
  • - Floor plans located at www.westlakelbk.com/floor-plans

Contacts

broker

Marty Cleckler

eXp Commercial

(817) 438-0808

Location

Getting Around

  • Walk Score ®

    Somewhat Walkable (70)
  • Transit Score ®

    Some Transit (29)
  • Bike Score ®

    Bikeable (59)
Powered by Walk Score ®
  • City Lubbock, TX
  • Neighborhood Leroy Elmore
  • Zip Code 79414
  • Market Lubbock

Points of Interest

  • Valero

    0.22 miles

  • EZ-Mart

    0.43 miles

  • Rudy's Gas

    0.79 miles

  • Valero

    0.95 miles

  • Phillips 66

    1.01 miles

  • Alon

    1.12 miles

  • E-Z Mart

    1.15 miles

  • Sam's Club

    1.37 miles

  • Alon

    1.55 miles

  • Murphy Express

    1.57 miles

  • East Welcome Center Parking

    2.24 miles

  • West Welcome Center Parking

    2.25 miles

  • Commuter Parking - Lot S1

    3.16 miles

  • Commuter Parking - Lot S2

    3.32 miles

  • Flint Ave Garage

    3.42 miles

  • Lot F-0

    3.43 miles

  • Lot F-1

    3.47 miles

  • Residence Hall Parking - Lot Z3

    3.51 miles

  • Lot F-2

    3.55 miles

  • Lot F-3

    3.61 miles

  • Adolph's

    0.05 miles

  • Chinese Kitchen

    0.08 miles

  • Mac's Bar-B-Q

    0.09 miles

  • Wendy's

    0.10 miles

  • Schlotzsky's

    0.11 miles

  • Garcia's Mexican Restaurant

    0.13 miles

  • Burger King

    0.14 miles

  • Josie's

    0.15 miles

  • Double Nickel

    0.17 miles

  • Popeyes

    0.17 miles

  • Virginia College

    0.35 miles

  • Williams Elementary School

    0.59 miles

  • Wester Elementary School

    0.60 miles

  • Stewart Elementary School

    0.69 miles

  • Vista College

    0.82 miles

  • Coronado High School

    1.38 miles

  • Whiteside Elementary School

    1.39 miles

  • Christ the King School

    1.40 miles

  • Evans Middle School

    1.41 miles

  • Irons Middle School

    1.53 miles

  • Kidz Kare Too

    0.71 miles

  • Ripley Do-Da's Learning Center

    1.36 miles

  • Christ the King ECDC

    1.46 miles

  • Achievers Learning Center

    1.49 miles

  • Wee Care Child Center

    2.31 miles

  • Treehouse Children's Academy

    2.65 miles

  • Neighborhood Academy

    3.07 miles

  • Kids Are Cool

    3.24 miles

  • Playhouse and Learning Station

    3.52 miles

  • Stepping Stones

    3.57 miles

Contact Listing Broker

broker

Marty Cleckler

eXp Commercial

(817) 438-0808