11-Unit Multifamily in Lubbock, TX

The Court at Overton presents a value-add multifamily investment opportunity at (address on request)reet in Lubbock, Texas. Offered at $2,390,000, the property includes 12 total units, with 11 residential units currently 100% leased and the remaining unit utilized as a communal fitness and yoga center.

Current residential rents range from approximately $850 to $925 per month, providing immediate income with meaningful room for future growth. With estimated market rents closer to $1.40–$1.50 per square foot, a new owner has the opportunity to increase revenue as leases renew while preserving the property’s strong occupancy.

Additional upside may be available through utility restructuring. Each building is currently served by a single electric meter rather than individual unit meters. Subject to further evaluation, a buyer could explore individually metering or submetering the apartments, allowing residents to assume responsibility for their electricity consumption and potentially reducing operating expenses.

With stable occupancy, an attractive resident amenity, and multiple paths to improve net operating income, The Court at Overton offers investors the opportunity to acquire a performing multifamily asset with clear value-add potential near Texas Tech University and downtown Lubbock.

Under Market Rents. 100% Leased