Rowan Multifamily Advisors is pleased to announce the exclusive listing of the Kirkwood Apartments in Lubbock, Texas. This 16-unit multifamily property consists of seven one-bedroom/one-bath units, eight two-bedroom/one-bath units, and one efficiency unit. Eight of the units have been fully renovated with modern upgrades designed to maximize rental income. This offering provides a compelling value-add opportunity, with the remaining eight units available for renovation to further enhance rental income and drive additional NOI growth.
The Kirkwood Apartments are located at 1107 52nd Street in Lubbock, Texas, situated within a predominantly residential area with convenient access to nearby retail, dining, and essential services. The Lubbock market is supported by several major employment centers, including Texas Tech University and its associated health sciences programs, Covenant Health System, University Medical Center, and the Lubbock Independent School District, among others. These stable employment sectors provide a strong foundation for consistent rental demand.