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$2,400,000
1100 S Wicker Avenue
Littlefield, TX 79339
MLS# 26-3673

Oak Terrace Photo
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Property Description
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.

Details
Documents
Property Information
To Be Auctioned: No
Zone: 6000 - All areas in the 6000's
Photos are Virtually Staged: No
Realtor.COM Type: Multi-Family
List Price Per Sq. Ft.: 0
Source of Sq Ft: Appraisal District
Current Price: $2,400,000
List Price: $2,400,000
Area: 6000 - S & W of Randall
Status: Active
Year Built: 1970
Taxes and Legal Information
City: Littlefield
Legal: SOUTHMOOR ADDITION, W/145' BLOCK A & B & W/50' OF E/198.8 BLOCK B, SOUTHMOOR ADDITION, W/145' BLOCK C, SOUTHMOOR ADDIT
House #: 1100
Street Direction Pfx: S
Street Name: Wicker
Street Sfx: Avenue
State/Province: TX
Postal Code: 79339
County: Lamb
Listing Info
L/A Supervisor Name: Bill Chudej
Supervisor's Phone #: 806-358-7151
L/A Supervisor License Number: 331043
Exchange For: CAsh
Directions: South on Wicker property is on the left.
Property Features
Listing Office: FIMC Commercial Realty
Listing Agent: Kirk Chudej

Last Updated: May - 05 - 2026

Information deemed reliable but not guaranteed.

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