1100 S Wicker Avenue,Littlefield, TX 79339
Littlefield, TX 79339
Description
Oak Terrace Apartments presents a value-add multifamily investment opportunity located in close proximity to Highway 385 and Highway 84 at 1100 S Wicker Avenue in Littlefield, Texas. The property generated approximately $238,940 in trailing NOI on $340,126 in total income, supporting a 9.96% cap rate. The property consists of 45 units and is currently operating at approximately 93% occupancy with strong collections and consistent income performance. Current ownership has maintained the asset, but rents remain below market averages, creating an opportunity for investors to increase NOI through strategic rent adjustments.
Details
| Listing Number | 26-3673 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1970 |
| Days On Site | 149 |
| Listing Provided By | FIMC Commercial Realty | Kirk Chudej |
Features
| Zoning | 6000 - All areas in the 6000's |
|---|
Area Information
| State | TX |
|---|---|
| County | Lamb |
| City | Littlefield |
| Zip Code | 79339 |
| Area | S & W of Randall |
| Subarea | S & W of Randall |
| Listing VS Median (in 79339) | |
Price: $2,400,000 low | high Med: $0 On site: 149 low | high Med: | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Lamb |
| City | Littlefield |
| Zip Code | 79339 |
| Area | S & W of Randall |
| Subarea | S & W of Randall |
| Listing VS Median (in 79339) | |
Price: $2,400,000 low | high Med: $0 On site: 149 low | high Med: | |
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