$465,000

Estimated payment $2,679/month

Total Views 5,635
15 Beds
10 Baths
5,406 Sq Ft
$86 Price per Sq Ft

Highlights

  • 0.88 Acre Lot
  • Central Heating and Cooling System
  • Ceiling Fan
  • No HOA

About This Home

5 out of 5 of the units are occupied cap rate is 7.62%

Listing Agent

Collen Melton

Brick & Loft Realty License #0774198 Listed on: 02/25/2025

Co-Listing Agent

Travis Turner

Brick & Loft Realty License #0660475

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,590

Year Built

  • Built in 2008

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 5,406 Sq Ft Home
  • Ceiling Fan

Bedrooms and Bathrooms

  • 15 Bedrooms

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces

Additional Features

  • 0.88 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number R133682, R133630, R133554, R133874, R77785

Community Details

Overview

  • No Home Owners Association

Building Details

  • Gross Income $52,800
  • Net Operating Income $35,442

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,590

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 2008
  • Reso Property Sub Type: Package Property
  • Road Frontage Type: City Street
  • Road Surface Type: All Weather
  • Co List Office Mls Id: 1194
  • Co List Office Phone: 806-999-0722
  • Above Grade Finished Sq Ft: 5406.0
  • Carport Y N: Yes
  • New Construction: No
  • Legal Description: CHERRY POINT L 451, CHERRY POINT L 449, CHERRY POINT L 446, CHERRY POINT L 458, SUBURBAN HOMES BLK 5 L 10
  • Location Tax and Legal Parcel Number2: R133682, R133630, R133554, R133874, R77785
  • General Property Information:Bathrooms Half: 5
  • General Property Information Above Grade Finished Area: 5406.0
  • General Property Information Lot Size Acres: 0.8782
  • General Property Information Lot Size Square Feet2: 38254.0
  • General Property Information Carport Spaces2: 2.0
  • General Property Information Carport YN: Yes
  • Lease Term Options 12 Months: Yes
  • Location Tax and Legal:Tax Annual Amount: 7708.0
  • General Property Information Accessibility Features YN2: No
  • Cooling:Central Air: Yes
  • Roof:Composition: Yes
  • Income And Expenses Cap Rate: 7.62
  • Gross Scheduled Income: 52800.0
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Half Bathrooms: 5
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Roof: Composition
  • Acres: 0.88
  • Construction Type: Vinyl Siding
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport
  • Total Parking Spaces: 2.0
  • Parking Features:Carport: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • HOA: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Size Sq Ft: 38254.0
  • ResoLotSizeUnits: Acres
  • Parcel #: R133682, R133630, R133554, R133874, R77785
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Annual Amount: 7708.0

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 $1,590 $95,693 $1,000 $94,693
2023 $1,777 $95,574 $1,000 $94,574
2022 $1,957 $96,677 $1,000 $95,677
2021 $1,253 $58,504 $1,000 $57,504
2020 $907 $41,711 $1,000 $40,711
2019 $957 $42,628 $1,000 $41,628
2018 $919 $40,905 $1,000 $39,905
2017 $900 $40,000 $1,000 $39,000
2016 $910 $40,420 $1,000 $39,420
2015 $521 $23,208 $1,000 $22,208
2014 $521 $23,442 $1,000 $22,442
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 For Sale $465,000 -- $86 / Sq Ft
Source: Lubbock Association of REALTORS®

Purchase History

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

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Source: Lubbock Association of REALTORS®

MLS Number: 202550925

Lubbock Association of REALTORS®

APN: R133682