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Lubbock, TX 79413

$965,000
Property Type: Residential Income Bedrooms: 3 Baths: 2 Square Footage: 1,612 Lot Size (sq. ft.): 7,500 Status: Active
Current Price: $965,000 List Date: 3/21/2025 Last Modified: 4/02/2025

Description

Investors delight, package of eight homes with income coming in, range from 2/1 to 3/2. All located in different parts of town.

Supplements: ********

More Information MLS# 202552050

Contract Information

Current Price: $965,000 Original List Price: 965000 List Price: $965,000 Status: Active Listing Contract Date: 2025-03-22 Property Sub Type: Package Property Total Number of Properties: 8 Listing Agreement: Exclusive Right To Sell Owner Name: Plan Ahead LLC List Price/SqFt: 598.64

Location Tax and Legal

County: Lubbock State: TX Postal Code: 79413 Zone: 3

General Property Information

Bedrooms Total: 3 Bathrooms Full: 2 Total Bathrooms: 2 Above Grade Finished Area: 1612 Above Grade Finished Area Source: Public Records Living Area: 1612 Living Area Source: Public Records Accessibility Features YN: No Year Built: 1955 Year Built Source: Public Records Garage YN: Yes Attached Garage YN: Yes Garage Spaces: 1 Carport YN: No Lot Size Acres: 0.17 Lot Size Square Feet: 7500 Lot Size Source: Public Records Association YN: No Waterfront YN: No Property Attached YN: No Basement YN: No Stories Total: 1 Fireplace YN: No Pool Private YN: No Spa YN: No

Remarks and Miscellaneous

Public Remarks: Investors delight, package of eight homes with income coming in, range from 2/1 to 3/2. All located in different parts of town.

Status Change Information

Major Change Timestamp: 2025-03-21T23:40:49Z Major Change Type: New Listing Status Change Timestamp: 2025-03-21

Income and Expenses

Cap Rate: 12 Gross Income: 1328400 Gross Scheduled Income: 1328400 Net Operating Income: 1157217

Lock Box Information

Lock Box Location: No key boxies on the properties, will need to call listing agent to set showings

Title Company Information

Title Company: Hub City Title Title Company Address: 4415 66th St Title Company Phone: 806-412-7525

Package Property 1

Address: 2805 53th St Bedrooms Total: 3 Total Bathrooms: 2 Parking Spaces: 2 Gross Rental Income: 15600 Occupied YN: Yes Remarks: Lease expires on 03/31/26, lease out for 1,300.00 per month

Package Property 2

Address: 2702 2nd Pl Bedrooms Total: 2 Total Bathrooms: 1 Parking Spaces: 2 Gross Rental Income: 11940 Occupied YN: Yes Remarks: Lease expires on 3/31/26, lease out for 995.00 per month

Package Property 3

Address: 2704 2nd Pl Bedrooms Total: 3 Total Bathrooms: 2 Parking Spaces: 2 Gross Rental Income: 13200 Occupied YN: Yes Remarks: Lease expires on 1/31/26, lease for 1100. per month.

Package Property 4

Address: 2616 38th st Bedrooms Total: 2 Total Bathrooms: 1 Parking Spaces: 2 Gross Rental Income: 13200 Occupied YN: Yes Remarks: Lease expires on 4/30/26, lease for 1,100. per month

Package Property 5

Address: 5107 40th ST Bedrooms Total: 3 Total Bathrooms: 1 Parking Spaces: 3 Gross Rental Income: 14400 Occupied YN: Yes Remarks: Lease expires on 10/31/25, lease for 1,200. per month

Package Property 6

Address: 3207 Amherst St Bedrooms Total: 3 Total Bathrooms: 1 Parking Spaces: 2 Gross Rental Income: 13200 Occupied YN: No

Package Property 7

Address: 3201 Colgate St Bedrooms Total: 2 Total Bathrooms: 1 Parking Spaces: 2 Gross Rental Income: 11940 Occupied YN: Yes Remarks: Lease expires on 9/30/25, lease for 995. per month

Package Property 8

Address: 604 N. Inidiana Ave. Bedrooms Total: 3 Total Bathrooms: 1 Parking Spaces: 1 Gross Rental Income: 11400 Remarks: Lease expires on 2/28/26, lease for 950. per month

Property Features

Appliances: Dishwasher; Range Hood Architectural Style: Traditional Community Features: None Construction Materials: Brick; Wood Siding Cooling: Central Air Exterior Features: None Fencing: Back Yard; Fenced; Privacy Flooring: Laminate Foundation Details: Slab Heating: Central; Natural Gas Interior Features: Formica Counters; Open Floorplan; Pantry; Storage Laundry Features: In Garage; Laundry Room Lease Term Options: 12 Months Listing Terms: Cash; Conventional Lot Features: Back Yard Other Equipment: None Parking Features: Additional Parking; Attached; Driveway; Garage Road Frontage Type: City Street Road Surface Type: Asphalt Roof: Composition Security Features: See Remarks Sewer: Public Sewer Special Listing Conditions: Standard Tenant Pays: All Utilities Utilities: Electricity Available; Natural Gas Available; Sewer Available Water Heater: Gas Water Source: Public Window Features: Wood Frames Showing Considerations: See Remarks
Listing Office: West Texas, REALTORS
Listing Agent: Vickie Noyola Al-Souki
Last Updated: April - 02 - 2025
Information deemed reliable but not guaranteed.

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