Plaza Blk 1 L 12 Homes with Multi Family Property Subtype

Plaza Blk 1 L 12 Homes with Multi Family Property Subtype

Welcome to the vibrant community of Slaton, Texas, where opportunity meets charm in the heart of Lubbock County! Nestled within the Plaza subdivision, the property identified as Plaza Blk 1 L 12 offers a unique chance for savvy investors and families alike to explore the benefits of multi-family living.

This prime location is not only known for its friendly atmosphere but also for its strategic proximity to the bustling city of Lubbock, making it an ideal spot for those who seek both tranquility and accessibility. The homes in this area are designed to accommodate various lifestyles, particularly appealing to those interested in multi-family properties. This means you can enjoy the flexibility of multiple living spaces, perfect for extended families, rental income, or simply sharing your home with friends.

The Plaza Blk 1 L 12 property boasts a welcoming neighborhood, rich with amenities and local attractions. Residents can take advantage of nearby parks, schools, and shopping centers, all while enjoying the small-town charm that Slaton has to offer. With a commitment to community and a focus on quality living, this area is perfect for anyone looking to invest in a multi-family property that promises both comfort and potential.

Whether you’re looking to expand your real estate portfolio or find a new place to call home, the Plaza Blk 1 L 12 in Slaton, TX, is an opportunity not to be missed. Embrace the possibilities and become a part of this thriving community today!

Newest Plaza Blk 1 L 12 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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