Package Property 3, Lubbock, TX 79415
$442,000
Property Type:
Residential Income
Bedrooms:
15
Baths:
10
Square Footage:
5,443
Lot Size (sq. ft.):
35,731
Status:
Active
Current Price:
$442,000
List Date:
2/25/2025
Last Modified:
2/25/2025
Description
3 out of 5 of the units are rented, Pro-Forma cap rate is based on 100% occupancy.
Supplements: ********
More Information MLS# 202550908
Contract Information
Current Price: $442,000
Original List Price: 442000
List Price: $442,000
Status: Active
Listing Contract Date: 2025-02-24
Property Sub Type: Package Property
Total Number of Properties: 5
Listing Agreement: Exclusive Right To Sell
Owner Name: Henry Munoz
Location Tax and Legal
Street Number: Package
Street Name: Property 3
County: Lubbock
State: TX
Postal Code: 79415
Zone: 1
General Property Information
Bedrooms Total: 15
Bathrooms Full: 5
Bathrooms Half: 5
Total Bathrooms: 10
Above Grade Finished Area: 5443
Above Grade Finished Area Source: Public Records
Living Area: 5443
Living Area Source: Public Records
Accessibility Features YN: No
Year Built: 2012
Year Built Source: Public Records
Carport Spaces: 2
Carport YN: Yes
Lot Size Acres: 0.8203
Lot Size Square Feet: 35731
Lot Size Source: Public Records
Association YN: No
Remarks and Miscellaneous
Public Remarks: 3 out of 5 of the units are rented, Pro-Forma cap rate is based on 100% occupancy.
Status Change Information
Major Change Timestamp: 2025-02-24T06:00:00Z
Major Change Type: New Listing
Status Change Timestamp: 2025-02-24
Income and Expenses
Cap Rate: 8.62
Gross Income: 54600
Gross Scheduled Income: 32400
Net Operating Income: 38093
Title Company Information
Title Company: Hub City Title
Package Property 1
Address: 2913 Bates St Lubbock, TX 79415
Bedrooms Total: 3
Total Bathrooms: 2
Parking Spaces: 2
Gross Rental Income: 950
Occupied YN: Yes
Remarks: Leased to 9/30/25
Package Property 2
Address: 402 43rd St Lubbock, TX 79404
Bedrooms Total: 3
Total Bathrooms: 2
Parking Spaces: 2
Gross Rental Income: 850
Occupied YN: Yes
Remarks: Leased to 4/30/2025
Package Property 3
Address: 621 38th St Lubbock, TX 79404
Bedrooms Total: 3
Total Bathrooms: 2
Parking Spaces: 2
Gross Rental Income: 900
Occupied YN: Yes
Remarks: Leased to 3/31/2025
Package Property 4
Address: 802 Vanda Ave Lubbock, TX 79403
Bedrooms Total: 3
Total Bathrooms: 2
Parking Spaces: 2
Occupied YN: Yes
Remarks: Vacant
Package Property 5
Address: 1107 41st St Lubbock, TX 79412
Bedrooms Total: 3
Total Bathrooms: 2
Parking Spaces: 2
Occupied YN: Yes
Remarks: Vacant
Property Features
Architectural Style: Traditional
Construction Materials: Vinyl Siding
Cooling: Ceiling Fan(s); Central Air
Heating: Central
Lease Term Options: 12 Months
Listing Terms: 1031 Exchange; Cash; Conventional
Parking Features: Carport
Road Frontage Type: City Street
Road Surface Type: All Weather
Roof: Composition
Tenant Pays: All Utilities
Showing Considerations: Occupied
Listing Office: Brick & Loft Realty
Listing Agent: Collen Melton
Last Updated: February - 25 - 2025
Information deemed reliable but not guaranteed.