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Multifamily

Orion on 50th

5430 50th St, Lubbock, TX 79414

Listing Price: Request For Offer

Number of Units
61
Gross SF
48,497

Investment Overview

Orion on 50th Apartments is a community located on 50th Street in Lubbock, Texas. Built in 1973, the complex consists of 61 units arranged in eight two-story buildings. Orion offers five spacious floorplans: a one-bedroom/one-bathroom measuring 590 square feet, a two-bedroom/one-bathroom measuring 792 square feet, a two-bedroom/one and a half bathroom measuring 864 square feet, a two-bedroom/one-and-a-half-bedroom townhome measuring 870 square feet, and a three-bedroom/one and a half bathroom measuring 875 square feet. Orion on 50th is focused on providing a comfortable and convenient place for residents to call home. The units feature walk-in closets, black appliance packages, washer/dryer connections, dining areas, and skylights. The community shares facilities with King David Trails, which includes a community pool, on-site laundry facility, updated Club House, business center, 24-hour maintenance, and a fitness center. Orion on 50th 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. Orion on 50th 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

Listing Price: Request For Offer

Number of Units
61
Gross SF
48,497

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

Orion on 50th Apartments is a community located on 50th Street in Lubbock, Texas. Built in 1973, the complex consists of 61 units arranged in eight two-story buildings. Orion offers five spacious floorplans: a one-bedroom/one-bathroom measuring 590 square feet, a two-bedroom/one-bathroom measuring 792 square feet, a two-bedroom/one and a half bathroom measuring 864 square feet, a two-bedroom/one-and-a-half-bedroom townhome measuring 870 square feet, and a three-bedroom/one and a half bathroom measuring 875 square feet. Orion on 50th is focused on providing a comfortable and convenient place for residents to call home. The units feature walk-in closets, black appliance packages, washer/dryer connections, dining areas, and skylights. The community shares facilities with King David Trails, which includes a community pool, on-site laundry facility, updated Club House, business center, 24-hour maintenance, and a fitness center. Orion on 50th 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. Orion on 50th is a unique offering providing investors with upside potential through interior renovations, driving occupancy, and long-term value appreciation.

Exclusively Listed By

Financing By

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