Mission Villas Lubbock, Texas
- DateMission Villas, Lubbock, Texas
- ClientConstructed in 1973, this property investment is unique in that the units are spacious and comfortable.
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There are 58 units that are just a short block away from Riverstone Park which allows us to use economies of scale to support each of the properties together. The exterior of the buildings are wood and stucco. The roofs are pitched and all of the deferred soffiting and facia have been replaced with new material and freshly painted. There is pride in owner ship with the tenants which is reflected in how clean the property is. The pool has been updated and a new cabana installed. The Leasing office was completely updated along with the parking lot.
Since the purchase of this property and with all of the improvements and its superior location, it is easy to see why the occupancy is at 99% and the rents are regularly increasing. This allows our investing partners to continually collect higher than normal quarterly revenue checks. We anticipate a very good next year.