Slaton Homes with Multi Family Property Subtype

Welcome to Slaton, Texas – a charming city nestled in the heart of Lubbock County, where small-town charm meets modern conveniences. With a rich history dating back to the early 1900s, Slaton is known for its welcoming community, vibrant local culture, and a strong sense of pride among its residents. Boasting a population of just over 6,000, this quaint city offers a peaceful lifestyle while being just a short drive away from the bustling city of Lubbock, making it the perfect place for families and professionals alike.

Slaton is renowned for its beautiful landscapes, friendly neighborhoods, and an array of amenities that cater to all lifestyles. From local parks and recreational facilities to unique shops and delicious dining options, there’s always something to do in Slaton. The city also hosts various community events throughout the year, fostering connections among residents and creating a tight-knit atmosphere.

For those interested in real estate investment, Slaton offers exciting opportunities with multi-family properties. These homes provide a unique chance to invest in a growing market while enjoying the benefits of rental income. Multi-family properties in Slaton are ideal for investors looking to tap into the demand for affordable housing, as they often feature spacious layouts, modern amenities, and proximity to local schools and businesses.

Whether you’re looking to settle down in a family-friendly community or seeking a lucrative investment opportunity, Slaton’s multi-family homes are an excellent choice. Discover the charm of Slaton, and let this vibrant city be the backdrop for your next real estate venture!

Newest Slaton Homes with Multi Family Property Subtype

$1,200,000

202608218 MLS

The Plaza is a 24 unit apartment community made up of 12 one story duplexes. They are all 2 Bed / 1 Bath units, with washer/dryer connections in each unit. They have strong current occupancy and there is room for rent increases. Property manager says they haven't raised rents in 5 years. Rents are about $135 below the 2 bedroom units in the apartment complex nearby. There is also an opportunity to reduce the utility costs and start billing back the water to the residents. The current water bill is about 2 times higher than the expense comps we have for the area. Good operational improvements will drive higher returns for the new owner.

501 Plaza Drive, Slaton

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