Property Listing No Longer Available for Sale

2502 Weber Dr., Lubbock, TX

Multi-family for Sale


Property Info

CIMLS#1133888
Location
  2502 Weber Dr.
  Lubbock TX 79404
UpdatedNovember 15th, 2022
TypeMulti-family
PriceUpon Request

Property Description

The CBC Texas Multifamily Group is pleased to announce For Sale the Estrada Affordable Portfolio in Lubbock, TX. The Estrada Portfolio is a 372-unit multifamily community consisting of Estrada North, Estrada South I and Estrada South II. These garden-style and mid-rise properties are comprised of 19, two-story buildings that were built from 2005 to 2008, and are situated on a combined 38.06 acres. This value-add property is located within minutes of the Lubbock Cultural District and is within close proximity to Lubbock's major economic drivers. Investment Highlights include: property tax exemption, extensive value-add opportunities, insurance claim improvement credit, and the property is offered free and clear of existing debt.


Financials