$2,700,000

11601 County Road 2360 Lubbock, TX 79404

Estimated payment $15,815/month

Total Views 3,504
3 Beds
2 Baths
18,784 Sq Ft
$144 Price per Sq Ft

Highlights

  • 11.02 Acre Lot
  • No HOA
  • Shed
  • Lubbock-Cooper Central Elementary School Rated A
  • Covered Patio or Porch
  • Central Heating and Cooling System

About This Home

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.

Listing Agent

Leslie Mealem

Texas Home and Land Connection License #0678880 Listed on: 04/05/2025

Co-Listing Agent

Matt Murray

Texas Home and Land Connection License #0532983

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,232

Year Built

  • Built in 2016

Lot Details

  • 11.02 Acre Lot
  • Property fronts a county road
  • Additional Parcels

Parking

  • 2 Carport Spaces

Home Design

  • Slab Foundation
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 18,784 Sq Ft Home
  • Ceiling Fan
  • Washer and Electric Dryer Hookup

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch
  • Shed

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number R150024

Community Details

Overview

  • No Home Owners Association

Building Details

  • Gross Income $312,000
  • Net Operating Income $263,523

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,232

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 2016
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup
  • Road Frontage Type: County Road
  • Road Surface Type: All Weather
  • ResoSecurityFeatures: None
  • Co List Office Mls Id: 1157
  • Co List Office Phone: 806-544-3627
  • ResoSpecialListingConditions: Standard
  • Above Grade Finished Sq Ft: 18784.0
  • Style: Cabin
  • Carport Y N: Yes
  • Reso Flooring: Plank
  • Garage Yn: No
  • New Construction: No
  • Reso Other Structures: Shed(s), Workshop
  • Legal Description: BLK E SEC 14 AB 495 TR B3 OF NE/4 AC: 5.551; BLK E SEC 14 AB 495 TR B4 OF NE/4 AC:5.551
  • Location Tax and Legal Elementary School: Lubbock-Cooper East
  • Location Tax and Legal High School: Cooper
  • Location Tax and Legal Parcel Number2: R150024
  • General Property Information Above Grade Finished Area: 18784.0
  • General Property Information Lot Size Acres: 11.02
  • General Property Information Lot Size Square Feet2: 480031.2
  • General Property Information Carport Spaces2: 2.0
  • General Property Information Carport YN: Yes
  • Location Tax and Legal:Tax Annual Amount: 22196.0
  • General Property Information Accessibility Features YN2: No
  • Cooling:Central Air: Yes
  • Foundation Details Slab: Yes
  • Appliances Microwave: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Water Source:Well: Yes
  • Flooring Plank: Yes
  • Roof:Metal2: Yes
  • Other Structures:Workshop: Yes
  • Location Tax and Legal Middle or Junior School: Lubbock-Cooper
  • Income And Expenses Cap Rate: 9.4
  • Appliances Refrigerators: Yes
  • Laundry Features Washer Hookup: Yes
  • Gross Scheduled Income: 312000.0
  • Location Tax and Legal Additional Parcels YN: Yes
  • Other Structures:Shed(s): Yes
  • Cooling:Ceiling Fan(s): Yes
  • Road Frontage Type County Road: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Roof: Metal
  • Acres: 11.02
  • Construction Type: Wood Siding
  • Foundation: Slab
  • Patio And Porch Features: Covered
  • Construction Materials:Wood Siding: Yes
  • Patio And Porch Features:Covered2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport
  • General Property Information:Garage YN: No
  • Parking Features:Carport: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Central: Yes
  • Heating:Electric4: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • HOA: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Cooper
  • Middle Or Junior School: Lubbock-Cooper

Lot Info

  • Lot Size Sq Ft: 480031.2
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: BLK E SEC 14 AB 495 TR B4 OF NE/4 AC: 5.551(LESS BLDG ONLY
  • Additional Parcels: Yes
  • Parcel #: R150024
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Annual Amount: 22196.0

MLS Schools

  • Elementary School: Lubbock-Cooper East

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $13,232 $824,722 $77,714 $747,008
2023 $12,587 $775,000 $61,061 $713,939
2022 $13,538 $747,902 $49,959 $697,943
2021 $13,921 $747,902 $29,420 $718,482
2020 $14,444 $751,719 $29,420 $722,299
2019 $10,938 $546,365 $29,420 $516,945
2018 $11,008 $546,365 $29,420 $516,945
2017 $10,690 $529,829 $29,420 $500,409
2016 $673 $33,358 $29,420 $3,938
2015 $687 $34,222 $29,420 $4,802
2014 $687 $34,222 $29,420 $4,802
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2025 04/05/25 For Sale $2,700,000 -- $144 / Sq Ft
Source: Lubbock Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- None Available
Deed $29,900 None Available
Vendors Lien -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 New Conventional
Closed $400,000 New Conventional
Previous Owner $54,000 Purchase Money Mortgage
Source: Public Records

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Source: Lubbock Association of REALTORS®

MLS Number: 202552778

Lubbock Association of REALTORS®

APN: R150024

Texas Lubbock County Lubbock 79404

11601 County Road 2360, Lubbock, TX

This home is located at 11601 County Road 2360, Lubbock, TX 79404 and is currently priced at $2,700,000, approximately $143 per square foot. This property was built in 2016. 11601 County Road 2360 is a home located in Lubbock County with nearby schools including Lubbock-Cooper Central Elementary School, Lubbock-Cooper Middle School, and Lubbock-Cooper Liberty High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Lubbock Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Listing Agent
Leslie Mealem
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Texas Home and Land Connection
(806) 450-3363