NOT LISTED FOR SALE

5909 E 4th St Lubbock, TX 79403

3 Beds
2 Baths
6,275 Sq Ft
9 Acres

Last Sold January 27, 2023

203 Days on Market

Highlights

  • No HOA
  • Outdoor Storage
  • Central Heating and Cooling System
  • Walk-In Closet
  • Zero Lot Line
  • Ceiling Fan

About This Home

As of January 2023

This rural apartment complex in the Roosevelt school district consists of 27 total units with two laundry facilities, a large workshop, and a maintenance garage/storage. The apartment units are housed in three duplex units, five individual rental units, four single-family homes, and three four-unit apartment buildings. These buildings are spread out over eight acres of land. 24 of the 27 units are occupied. With country appeal and the charm of being outside the city, Chipper Point apartments is a popular location for tenants. The interior condition of these apartments is good. The walls and ceilings are all sheetrock and the floors range from carpets, hardwoods to glue down vinyl. There are single light fixtures as well as ceiling fans with light kits in the rooms. The kitchens have full appliance packages(range/oven, refrigerator, and double-well stainless steel sinks, and wood cabinets with laminate countertops. Some units have dishwashers. See more details attached.

Last Agent to Sell the Property

Michael Hutton

West Sage, REALTORS License #0598157 Listed on: 11/23/2021

Last Buyer's Agent

Wendy Jones

Keller Williams Realty License #0545978

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2000

Lot Details

  • 9 Acre Lot
  • Zero Lot Line

Parking

  • Off-Street Parking

Home Design

  • Composition Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 6,275 Sq Ft Home
  • Ceiling Fan
  • Window Treatments

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Additional Features

  • Outdoor Storage
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, internet
  • Assessor Parcel Number R310461

Community Details

Overview

  • No Home Owners Association

Building Details

  • Gross Income $14,300
  • Net Operating Income $140,900

Property Details

Home Type

Multi-Family

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 2000
  • Reso Property Sub Type: Multi Family
  • ResoLotFeatures: Zero Lot Line
  • Road Surface Type: Paved
  • Equipment: None
  • ResoSpecialListingConditions: Standard
  • Above Grade Finished Sq Ft: 6275.0
  • Reso Interior Features: Ceiling Fan(s), Walk-In Closet(s)
  • Reso Other Structures: Storage, Workshop
  • ResoWindowFeatures: Window Coverings
  • Legal Description: SHARP POINT L 5
  • Location Tax and Legal Elementary School: Roosevelt
  • Location Tax and Legal High School: Roosevelt
  • Location Tax and Legal Parcel Number2: R310461
  • General Property Information Above Grade Finished Area: 6275.0
  • General Property Information Lot Size Acres: 9.0
  • General Property Information Lot Size Square Feet2: 392040.0
  • General Property Information Basement YN: No
  • Lease Term Options 12 Months: Yes
  • Location Tax and Legal:Tax Annual Amount: 16264.0
  • General Property Information Accessibility Features YN2: No
  • Cooling:Central Air: Yes
  • General Property Information:Pool Private YN: No
  • Roof:Composition: Yes
  • Roof:Metal2: Yes
  • Utilities:Electricity Available: Yes
  • Other Structures:Workshop: Yes
  • Other Structures Storage4: Yes
  • Location Tax and Legal Middle or Junior School: Roosevelt
  • Income And Expenses Cap Rate: 9.49
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: No
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Roof: Composition, Metal
  • Acres: 9.0
  • Pool Private: No
  • Construction Type: Metal Siding, Wood Siding
  • Construction Materials:Wood Siding: Yes
  • Window Features:Window Coverings: Yes
  • Construction Materials:Metal Siding: Yes
  • Lot Features:Zero Lot Line: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • Parking Features:Off Street: Yes

Utilities

  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Utilities: Electricity Available
  • Heating:Central: Yes
  • HeatingCooling:Electric: Yes
  • Heating:Electric4: Yes

Condo/Co-op/Association

  • HOA: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Roosevelt
  • Middle Or Junior School: Roosevelt

Lot Info

  • Lot Size Sq Ft: 392040.0
  • ResoLotSizeUnits: Acres
  • Parcel #: R310461
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity, Internet

Tax Info

  • Tax Annual Amount: 16264.0

MLS Schools

  • Elementary School: Roosevelt

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2023 01/31/23 Off Market -- -- --
01/27/2023 01/27/23 Sold -- -- --
11/09/2022 11/09/22 For Sale $1,485,000 0.0% $237 / Sq Ft
06/14/2022 06/14/22 Pending -- -- --
01/14/2022 01/14/22 Pending -- -- --
11/23/2021 11/23/21 For Sale $1,485,000 -- $237 / Sq Ft
Source: Lubbock Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lubbock Association of REALTORS®

MLS Number: 202111216

Lubbock Association of REALTORS®