Contacts
Greg Brownd
KW Commercial | Lubbock, TX
(806) 777-4459
Ryan Franckhauser
KW Commercial | Lubbock, TX
(214) 735-3750
Property Details
- Property Type Multi-Family
- Units 0
- Lot Size 71,742 SF
- # of Floors 2
- Property Tenancy Multi-Tenant
- Date Updated Apr 20, 2024
The 130-units of the Pecan & Villa Apartments are comprised of two communities that are operated together as one. The 80-units at the Pecan Apartments were built in 1984 while the 50-units at the Villa Apartments were built in 1972. The properties consist of 1-3 bedroom floorplans, two on-site laundry rooms, one leasing office and two shimmering pools. Since taking ownership back in 2013, the current owners have updated all of the interior units and roofs to highlight some of the substantial capex completed. The property's high occupancy speaks to the basic economics of the limited supply of this product type compared to the high demand for workforce housing within the market.
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Getting around
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64/100
Walk Score ®
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43/100
Bike Score ®
Location
- City Monahans, TX
- Zip Code 79756
Points of Interest
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Texaco
6.29 miles
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Shell
6.34 miles
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Hawthorn Suites by Wyndham Monahans
0.39 miles
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Candlewood Suites Monahans
0.55 miles
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Holiday Inn Express & Suites Monahans I-20
0.56 miles
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Microtel Inn and Suites by Wyndham Monahans
0.61 miles
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Best Western Plus Monahans Inn & Suites
0.74 miles
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Americas Best Value Inn
0.77 miles
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Silver Spur Motel
0.77 miles
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Texan Inn
0.78 miles
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Comfort Inn & Suites
0.81 miles
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La Quinta Inn & Suites by Wyndham Monahans
1.18 miles
In-Depth Research Available for this Property
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