Park Terrace and Tower Arms

Park Terrace and Tower Arms Apartments is a 114 unit complex located in Levelland, TX directly north of South Plains College. It was built in 3 Phases: Park Terrace, Tower Arms North, and Tower Arms South. The current ownership has done very well and has maintained strong operations, providing a new owner the opportunity for a stabilized product. Historic occupancy in the mid-high 90s proves there is further room for organic rent growth. This is one of the few opportunities on the market to buy a well-located property, at a great cap rate, with additional upside.