Skip to main content

Multifamily

Elara Villas on 51st

2301 51st St, Lubbock, TX 79412

Listing Price: Request For Offer

Number of Units
36
Gross SF
25,600

Investment Overview

Elara Villas Apartments is a community located on 51st Street in Lubbock, Texas. Built in 1961, the complex consists of 36 units arranged in six one-story buildings. Elara Villas offers two spacious floorplans: a one-bedroom/one-bathroom measuring 650 square feet and a two-bedroom/one-bathroom measuring 850 square feet. Elara Villas is focused on providing a comfortable and convenient place for residents to call home. The units feature walk-in closets, black appliance packages, restricted access courtyards, and dining areas. The community includes an on-site laundry facility, plenty of parking, 24-hour maintenance, and spacious layouts. Elara Villas is closely surrounded by employment opportunities, a strong retail presence, and recreational activities. Within just a couple miles, residents can find several schools, parks, shopping centers, a plethora of restaurants and eateries, and much more. The apartments are located within convenient access to Highway 114 and Loop 289, giving residents easy means to everything Lubbock has to offer as well as interregional access. Elara Villas is a unique offering providing investors with upside potential through interior renovations, driving occupancy, and long-term value appreciation.

Investment Highlights

  • Rare Value-Add Opportunity Through Interior Renovations & Unit Make Ready
  • In Close Proximity to Texas Tech University, South Plains Mall, and the Medical District
  • Highly Visible Locations Along Loop 289 and 50th Street

Exclusively Listed By

Financing By

Multifamily

Elara Villas on 51st

Listing Price: Request For Offer

Number of Units
36
Gross SF
25,600

Investment Highlights

  • Rare Value-Add Opportunity Through Interior Renovations & Unit Make Ready
  • In Close Proximity to Texas Tech University, South Plains Mall, and the Medical District
  • Highly Visible Locations Along Loop 289 and 50th Street

Investment Overview

Elara Villas Apartments is a community located on 51st Street in Lubbock, Texas. Built in 1961, the complex consists of 36 units arranged in six one-story buildings. Elara Villas offers two spacious floorplans: a one-bedroom/one-bathroom measuring 650 square feet and a two-bedroom/one-bathroom measuring 850 square feet. Elara Villas is focused on providing a comfortable and convenient place for residents to call home. The units feature walk-in closets, black appliance packages, restricted access courtyards, and dining areas. The community includes an on-site laundry facility, plenty of parking, 24-hour maintenance, and spacious layouts. Elara Villas is closely surrounded by employment opportunities, a strong retail presence, and recreational activities. Within just a couple miles, residents can find several schools, parks, shopping centers, a plethora of restaurants and eateries, and much more. The apartments are located within convenient access to Highway 114 and Loop 289, giving residents easy means to everything Lubbock has to offer as well as interregional access. Elara Villas is a unique offering providing investors with upside potential through interior renovations, driving occupancy, and long-term value appreciation.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower