Multifamily
Aspen Village
5416 50th St, Lubbock, TX 79414
Listing Price: $2,950,000
Cap Rate
0.05%
Number of Units
70
GRM
4.92
Occupancy
75.7%
Price/Unit
$42,143
Price/Gross SF
$46.96
Gross SF
62,820
Investment Overview
Marcus & Millichap is pleased to announce the exclusive listing of Aspen Village, a 70-unit apartment community in Lubbock, Texas.
Listing Price: $2,950,000
Cap Rate
0.05%
Number of Units
70
GRM
4.92
Occupancy
75.7%
Price/Unit
$42,143
Price/Gross SF
$46.96
Gross SF
62,820
Investment Highlights
- Garner a significant monthly rent premium
- Maximize Income through unit absorption
- Increase service fees and pet rent
Investment Overview
Marcus & Millichap is pleased to announce the exclusive listing of Aspen Village, a 70-unit apartment community in Lubbock, Texas.
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