Package Property, Lubbock, TX 79406
$414,000
Property Type:
Residential Income
Bedrooms:
14
Baths:
10
Square Footage:
5,340
Lot Size (sq. ft.):
36,829
Status:
Active
Current Price:
$414,000
List Date:
2/22/2025
Last Modified:
8/03/2025
Description
Package of 5 properties for sale, 4 out of the 5 are currently leased. Pro-Forma Cap Rate of 8.27% is based on 100% occupancy.
Supplements: ********
More Information MLS# 202550863
Contract Information
Current Price: $414,000
Original List Price: 414000
List Price: $414,000
Status: Active
Listing Contract Date: 2025-02-22
Property Sub Type: Package Property
Total Number of Properties: 5
Listing Agreement: Exclusive Right To Sell
Owner Name: Henry Munoz
List Price/SqFt: 77.53
Location Tax and Legal
Street Number: Package
Street Name: Property
County: Lubbock
State: TX
Postal Code: 79406
Zone: 4
General Property Information
Bedrooms Total: 14
Bathrooms Full: 5
Bathrooms Half: 5
Total Bathrooms: 10
Above Grade Finished Area: 5340
Above Grade Finished Area Source: Public Records
Living Area: 5340
Living Area Source: Public Records
Accessibility Features YN: No
Year Built: 2006
Year Built Source: Public Records
Carport Spaces: 2
Carport YN: Yes
Lot Size Acres: 0.8455
Lot Size Square Feet: 36829
Lot Size Source: Public Records
Remarks and Miscellaneous
Public Remarks: Package of 5 properties for sale, 4 out of the 5 are currently leased. Pro-Forma Cap Rate of 8.27% is based on 100% occupancy.
Status Change Information
Major Change Timestamp: 2025-02-22T06:00:00Z
Major Change Type: New Listing
Status Change Timestamp: 2025-02-22
Income and Expenses
Cap Rate: 8.27
Gross Income: 51720
Gross Scheduled Income: 43320
Net Operating Income: 34222
Title Company Information
Title Company: Hub City Title
Package Property 1
Address: 532 41st St Lubbock, TX 79404
Bedrooms Total: 3
Total Bathrooms: 2
Parking Spaces: 2
Gross Rental Income: 875
Occupied YN: Yes
Remarks: Leased to 10/31/2025
Package Property 2
Address: 1102 37th St Lubbock, TX 79412
Bedrooms Total: 3
Total Bathrooms: 2
Parking Spaces: 2
Gross Rental Income: 925
Occupied YN: Yes
Remarks: Leased to 7/31/2025
Package Property 3
Address: 2807 2nd st Lubbock, TX 79415
Bedrooms Total: 3
Total Bathrooms: 2
Parking Spaces: 2
Gross Rental Income: 910
Occupied YN: Yes
Remarks: Leased to 12/31/2025
Package Property 4
Address: 3318 Itasca Lubbock, TX 79415
Bedrooms Total: 2
Total Bathrooms: 2
Occupied YN: No
Remarks: Vacant
Package Property 5
Address: 3301 E Cornell St Lubbock, TX 79403
Bedrooms Total: 3
Total Bathrooms: 2
Parking Spaces: 2
Gross Rental Income: 900
Occupied YN: Yes
Remarks: Leased to 5/31/2025
Property Features
Construction Materials: Vinyl Siding
Cooling: Central Air
Heating: Central
Lease Term Options: Month To Month; 12 Months
Listing Terms: 1031 Exchange; Cash; Conventional
Parking Features: Carport
Road Frontage Type: City Street
Road Surface Type: All Weather
Tenant Pays: All Utilities
Showing Considerations: Occupied
Listing Office: Brick & Loft Realty
Listing Agent: Collen Melton
Last Updated: August - 03 - 2025
Information deemed reliable but not guaranteed.