100 Unit Lufkin Portfolio
All-bills-paid portfolio with immediate NOI growth via RUBS.
Marketing description
100-unit multifamily portfolio in Lufkin, TX consisting of The Californian (1970) and Falling Waters (1973), located ~1.6 miles apart; mix of 1- and 2-bed units, individually sub-metered.
Significant value-add opportunity through implementation of RUBS at both all-bills-paid properties to enhance NOI.
Interior renovation upside to push rents to proven market rates; Falling Waters offers in-unit W/D connections, while The Californian features on-site laundry.
Investment highlights
100-unit multifamily portfolio in Lufkin, TX consisting of The Californian (1970) and Falling Waters (1973), located ~1.6 miles apart; mix of 1- and 2-bed units, individually sub-metered.
Significant value-add opportunity through implementation of RUBS at both all-bills-paid properties to enhance NOI.
Interior renovation upside to push rents to proven market rates; Falling Waters offers in-unit W/D connections, while The Californian features on-site laundry.
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