Rowan Multifamily Advisors is pleased to announce the exclusive listing of The Coronado Crossing Apartments in Lubbock, Texas. The apartments are comprised of six floor plans ranging from one-bedroom units to four-bedroom units. The previous ownership put the property through both interior and exterior cosmetic renovations for a cleaner look yet still offer the opportunity for a new investor to update interior items like appliances, countertops, cabinets, and flooring. The property also offers an onsite laundry facility offering tenants a highly desirable amenity.
The Coronado Crossing Apartments are located along 34th St in Lubbock. 34th St is a major East to West road that connects all the major destinations in Lubbock. Coronado Crossing is located in between Texas Tech University and Lubbock Christian University, which boasts a combined enrollment of over 42,000 students. This property is in a prime location to serve the ever-growing needs of Lubbock’s local university, community, as well as the growing general population.
INVESTMENT HIGHLIGHTS
•Attractive unit size relative to the market
•Room to push rents on day one
•Opportunity to capitalize on updating unit interiors