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About This Home
This 0-bedroom, 0-bathroom residential multi family at 1100 S Wicker Avenue in Littlefield, TX is listed for $2,400,000. Built in 1970, on a N/A lot.
Oak Terrace Apartments presents a value-add multifamily investment opportunity located in close proximity to Highway 385 and Highway 84 at 1100 S Wicker Avenue in Littlefield, Texas. The property generated approximately $238,940 in trailing NOI on $340,126 in total income, supporting a 9.96% cap rate.
The property consists of 45 units and is currently operating at approximately 93% occupancy with strong collections and consistent income performance. Current ownership has maintained the asset, but rents remain below market averages, creating an opportunity for investors to increase NOI through strategic rent adjustments.
Key Features
- Built in 1970
Property Details
Monthly Cost Estimate
$12,836/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1100 S Wicker Avenue
Littlefield, TX 79339
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 1100 S Wicker Avenue is listed at $2,400,000. The estimated monthly payment is $10,400 based on 20% down at 6.5% interest.
Key features include: Built in 1970.
This property is listed by Kirk Chudej and can be reached at (806) 358-7151.