$110,000

1301 53rd St Lubbock, TX 79412

Estimated payment $750/month

Total Views 5,731
4 Beds
2 Baths
1,884 Sq Ft
$58 Price per Sq Ft

Highlights

  • Corner Lot
  • Cooling Available
  • Heating System Uses Natural Gas
  • No HOA
  • Ceiling Fan

About This Home

Cash Flowing Duplex- Each unit 2 Br 1 Bath. Beats the 1% Rule. Ready for its next Investor. Each Unit Currently rented for $600 a month.

Listing Agent

Tomas Rodriguez

Southern Magnolia Real Estate License #0787075 Listed on: 04/19/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,861

Year Built

  • Built in 1960 | Remodeled

Lot Details

  • 6,625 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • 2 Carport Spaces

Home Design

  • Duplex
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,884 Sq Ft Home
  • Ceiling Fan
  • No Kitchen Appliances

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Gross Income $14,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,861

Year Built

Built in 1960 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1960
  • Reso Property Sub Type: Duplex
  • ResoLotFeatures: City Lot, Corner Lot
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • ResoSecurityFeatures: None
  • Above Grade Finished Sq Ft: 1884.0
  • Carport Y N: Yes
  • New Construction: No
  • Reso Other Structures: None
  • Property Attached Yn: Yes
  • Reso Property Condition: Updated/Remodeled
  • Legal Description: R & E LOT 1
  • Location Tax and Legal Elementary School: Hodges
  • Location Tax and Legal High School: Monterey
  • Location Tax and Legal Parcel Number2: TBD
  • General Property Information Above Grade Finished Area: 1884.0
  • General Property Information Lot Size Acres: 0.1521
  • General Property Information Lot Size Square Feet2: 6625.0
  • General Property Information Carport Spaces2: 2.0
  • General Property Information Carport YN: Yes
  • General Property Information Basement YN: No
  • General Property Information:Stories Total: 1
  • Location Tax and Legal:Tax Annual Amount: 2065.0
  • General Property Information Accessibility Features YN2: No
  • General Property Information Fireplace YN: No
  • Roof:Composition: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal Middle or Junior School: Slaton
  • General Property Information Property Attached YN: Yes
  • Utilities:Electricity Connected: Yes
  • Gross Scheduled Income: 14400.0
  • Location Tax and Legal Additional Parcels YN: No
  • Property Condition:UpdatedRemodeled: Yes
  • Water Heater Gas8: Yes
  • Common Walls 1 Common Wall: Yes
  • Unit Details Number Of Units Leased: 2
  • Cooling:Ceiling Fan(s): Yes
  • Utilities Sewer Connected: Yes
  • Utilities Water Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: None
  • Basement: No
  • Fireplace: No
  • ResoLivingAreaSource: PublicRecords
  • Appliances:None2: Yes

Exterior Features

  • Roof: Composition
  • Acres: 0.15
  • Common Walls: 1 Common Wall
  • Construction Type: Vinyl Siding
  • Exterior Features: None
  • Lot Features:Corner Lot: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Lot Features:City Lot: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport
  • Parking Features:Carport: Yes

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • HOA: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Monterey
  • Middle Or Junior School: Slaton

Lot Info

  • Lot Size Sq Ft: 6625.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels: No
  • Parcel #: TBD
  • Zoning Description: Single Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2065.0

MLS Schools

  • Elementary School: Hodges

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 $1,861 $110,627 $1,000 $109,627
2023 $1,587 $85,384 $1,000 $84,384
2022 $1,728 $85,384 $1,000 $84,384
2021 $1,664 $77,712 $1,000 $76,712
2020 $1,690 $77,712 $1,000 $76,712
2019 $1,023 $45,584 $1,000 $44,584
2018 $1,025 $45,584 $1,000 $44,584
2017 $1,026 $45,584 $1,000 $44,584
2016 $909 $40,384 $1,000 $39,384
2015 $899 $40,410 $1,000 $39,410
2014 $899 $40,410 $1,000 $39,410
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2025 04/19/25 For Sale $110,000 -- $58 / Sq Ft
Source: Lubbock Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed -- --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $75,000 New Conventional
Source: Public Records

Source: Lubbock Association of REALTORS®

MLS Number: 202553423

Lubbock Association of REALTORS®

APN: R109572