11601 County Rd 2360, Lubbock, TX 79404
$2,700,000
Property Type:
Residential Income
Bedrooms:
3
Baths:
2
Square Footage:
18,784
Lot Size (sq. ft.):
480,031
Status:
Active
Current Price:
$2,700,000
List Date:
4/05/2025
Last Modified:
5/03/2025
Description
Fantastic multi-family property located on the Southeast side of Lubbock! 18 units of well kept "cowboy cottages" which are 100% occupied. Each unit has horse pens with loafing sheds available. Current income is over $25,000 per month, with room to add 6 more units. All tenants have access to a lighted roping arena. Do not miss out on this unique property with a great return on investment.
Supplements: ********
More Information MLS# 202552778
Contract Information
Current Price: $2,700,000
Original List Price: 2700000
List Price: $2,700,000
Status: Active
Listing Contract Date: 2025-04-04
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: Ask Listing Agent
List Price/SqFt: 143.74
Location Tax and Legal
Street Number: 11601
Street Name: County Rd 2360
County: Lubbock
State: TX
Postal Code: 79404
Zone: 6
General Property Information
Bedrooms Total: 3
Bathrooms Full: 2
Total Bathrooms: 2
Above Grade Finished Area: 18784
Above Grade Finished Area Source: Public Records
Living Area: 18784
Living Area Source: Public Records
Accessibility Features YN: No
Year Built: 2016
Year Built Source: Public Records
Garage YN: No
Carport Spaces: 2
Carport YN: Yes
Lot Size Acres: 11.02
Lot Size Square Feet: 480031.2
Lot Size Source: Public Records
Association YN: No
Remarks and Miscellaneous
Public Remarks: Fantastic multi-family property located on the Southeast side of Lubbock! 18 units of well kept "cowboy cottages" which are 100% occupied. Each unit has horse pens with loafing sheds available. Current income is over $25,000 per month, with room to add 6 more units. All tenants have access to a lighted roping arena. Do not miss out on this unique property with a great return on investment.
Status Change Information
Major Change Timestamp: 2025-04-05T16:07:03Z
Major Change Type: New Listing
Status Change Timestamp: 2025-04-05
Income and Expenses
Cap Rate: 9.4
Gross Income: 312000
Gross Scheduled Income: 312000
Net Operating Income: 263523
Title Company Information
Title Company: Service Title Slide
Property Features
Appliances: Dishwasher; Electric Range; Microwave; Refrigerator
Architectural Style: Cabin
Construction Materials: Wood Siding
Cooling: Ceiling Fan(s); Central Air
Flooring: Plank
Foundation Details: Slab
Heating: Central; Electric
Laundry Features: Electric Dryer Hookup; Washer Hookup
Listing Terms: Cash; Conventional
Other Structures: Shed(s); Workshop
Parking Features: Carport
Patio And Porch Features: Covered
Road Frontage Type: County Road
Road Surface Type: All Weather
Roof: Metal
Security Features: None
Sewer: Septic Tank
Special Listing Conditions: Standard
Tenant Pays: All Utilities
Water Source: Well
Showing Considerations: Occupied
Listing Office: Texas Home and Land Connection
Listing Agent: Leslie Mealem
Last Updated: May - 03 - 2025
Information deemed reliable but not guaranteed.