Mesquite Village Apartments
509 Avenue S, Post, Texas 79356
Mesquite Village Apartments is a 24 unit complex made up of 12 brick, one-story duplexes. The property currently has high occupancy and there are no concessions now so that indicates that there is room to increase the rents. Electricity and water are separately metered and tenants pay all of their utilities. There is a limited supply of market-rate multifamily units in the area.
Most of the interior units have been updated and have had new flooring installed. The roofs were replaced in 2016.
Post Texas is the county seat of Garza County. It's located 40 miles southwest of Lubbock, 110 miles northeast of Midland, and 125 miles northwest of Abilene, TX.
- 9.2% cap rate on Sept T12 financials
- One-story brick construction duplexes
- Limited supply of market rate product
- No current rent concessions
- High occupancy
11/18/2019 8:52:28 PM
1/22/2020 5:39:16 PM