10307 Vernon Ave Lubbock, TX 79423
Estimated payment $5,784/month
Total Views
6,835
16
Beds
11
Baths
7,716
Sq Ft
$125
Price per Sq Ft
Highlights
- Traditional Architecture
- No HOA
- Fenced Yard
- Roy W. Roberts Elementary School Rated A-
- Covered patio or porch
- Fireplace
About This Home
**Please read carefully!! I had to use one address to enter the package listing. bed/bath/garage/sqft count is for all 4 properties combined. Package to be sold as a whole** Turnkey 4-Property Investment Package - High Cash Flow & Long-Term Appreciation!Seize this opportunity to own a well-balanced 4-property investment package in Lubbock, TX! Designed for both strong immediate cash flow and long-term equity growth, this portfolio includes two high-earning, fully remodeled properties in the Heart of Lubbock and two appreciating assets in the desirable Fox Ridge neighborhood. Asking Price: $965,000 Gross Monthly Income: $8,700Heart of Lubbock - High Cash Flow 2104 20th St. - 4 Bed | 2 Bath | 1,796 sq ft | $2,000/month (Leased through July 2025)Fully remodeled 1943 home with modern upgrades.Prime location near Texas Tech & local hotspots. 2114 21st St. - Duplex - FULL GUT REMODELUnit A: 2 Bed | 2 Bath | 1,064 sq ft | $1,250/month (Leased through July 2026)Unit B: 3 Bed | 3 Bath | 1,326 sq ft | $1,600/month (Leased through May 2026)Updated from top to bottom, tenants pay all utilities.Fox Ridge - Appreciation & Stability 2316 101st St. - 4 Bed | 2 Bath | 2-Car Garage | 1,775 sq ft | $2,000/month (Leased through March 2026)Built in 2008 & fully remodeled, ideal for long-term appreciation. 10307 Vernon Ave. - 3 Bed | 2 Bath | 2-Car Garage | 1,755 sq ft | $1,850/month (Leased through April 2026)2018-built home with tasteful upgrades in a sought-after neighborhood.All properties are 100% leased with strong tenants covering utilities. Whether you're looking for immediate rental income, future appreciation, or a mix of both, this portfolio delivers. Invest in Lubbock's thriving market today!**Please reach out for any questions/clarification, as there is a lot of information packed into the listing!! I do have more photos, but could only display so many**
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,270
Year Built
- Built in 2018 | Remodeled
Lot Details
- 0.63 Acre Lot
- Property fronts an alley
- Private Entrance
- Fenced Yard
- Additional Parcels
Parking
- 4 Car Attached Garage
- Common or Shared Parking
- Alley Access
- Driveway
- Additional Parking
- On-Street Parking
- Off-Street Parking
Home Design
- Traditional Architecture
- Brick Veneer
- Pillar, Post or Pier Foundation
- Slab Foundation
- Composition Roof
- Wood Siding
- Vinyl Siding
Interior Spaces
- 7,716 Sq Ft Home
- Fireplace
- Double Pane Windows
- Laundry in unit
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 16 Bedrooms
- 11 Full Bathrooms
Outdoor Features
- Covered patio or porch
- Fire Pit
- Exterior Lighting
- Outdoor Grill
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Gas Water Heater
- Phone Available
Community Details
- No Home Owners Association
- Gross Income $8,700
Listing and Financial Details
- Assessor Parcel Number R326130
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,270 | $254,058 | $27,025 | $227,033 |
| 2023 | $5,346 | $254,058 | $27,025 | $227,033 |
| 2022 | $5,308 | $232,117 | $27,025 | $205,092 |
| 2021 | $5,071 | $211,018 | $27,025 | $183,993 |
| 2020 | $4,971 | $200,486 | $27,025 | $173,461 |
| 2019 | $5,608 | $219,919 | $27,025 | $192,894 |
| 2018 | $2,961 | $115,995 | $27,025 | $88,970 |
| 2017 | $691 | $27,025 | $27,025 | $0 |
| 2016 | $691 | $27,025 | $27,025 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/02/2025 07/02/25 | For Sale | $280,000 | -71.0% | $160 / Sq Ft |
| 05/09/2025 05/09/25 | For Sale | $965,000 | -- | $125 / Sq Ft |
Source: Lubbock Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Vendors Lien | -- | Service Title Company | |
| Vendors Lien | -- | Title One | |
| Warranty Deed | -- | Title One |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $210,900 | New Conventional | |
| Previous Owner | $212,445 | FHA | |
| Previous Owner | $177,600 | Construction |
Source: Public Records
Similar Homes in the area
Source: Lubbock Association of REALTORS®
MLS Number: 202554398
APN: R326130
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