Summary
Located in Lubbock, Texas, The Cove is in a prime location situated with easy access to the Marsha Sharp Freeway and Quaker Avenue, which both lead directly to the region’s largest employment hubs. The Cove is a 4 minute drive from Texas Tech University and is in a prime location for future growth.
PROPERTY OVERVIEW
– 119 Units
– Purchase Price: $4.6MM
– Year of Construction: 1975
– Class C Property
BUSINESS PLAN
– Renovate 50% of the units on the property.
– Implement water conservation plan.
– Resurface parking lot and do a complete rebranding.