$460,000

Package Property 2 Lubbock, TX 79412

Ballenger Neighborhood

Estimated payment $2,945/month

Total Views 14,379
15 Beds
10 Baths
5,340 Sq Ft
$86 Price per Sq Ft

Highlights

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

About This Home

3 out of the 5 units are rented. Pro-forma cap rate at 100% occupancy is 8.25%.

Listing Agent

Collen Melton

Brick & Loft Realty License #0774198 Listed on: 09/12/2025

Co-Listing Agent

Travis Turner

Brick & Loft Realty License #0660475

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006

Lot Details

  • 31,904 Sq Ft Lot
  • Back Yard Fenced

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 5,340 Sq Ft Home
  • Ceiling Fan

Bedrooms and Bathrooms

  • 15 Bedrooms

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number R313644

Community Details

Overview

  • No Home Owners Association

Building Details

  • Gross Income $55,620
  • Net Operating Income $37,971

Property Details

Home Type

Multi-Family

Year Built

Built in 2006

Lot Details

0.73 Acres

Listing Details

  • Property Type: Residential Income
  • Year Built: 2006
  • 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: 5340.0
  • Carport Y N: Yes
  • New Construction: No
  • Legal Description: Southport Blk 1 L 5A SOUTHPORT BLK 1 L 5B SOUTHPORT BLK 1 L 6A SOUTHPORT BLK 1 L 7A SOUTHPORT BLK 1 L 8A
  • Location Tax and Legal Parcel Number2: R313644
  • General Property Information Above Grade Finished Area: 5340.0
  • General Property Information Lot Size Acres: 0.7324
  • General Property Information Lot Size Square Feet2: 31904.0
  • 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: 8149.0
  • General Property Information Accessibility Features YN2: No
  • Cooling:Central Air: Yes
  • Roof:Composition: Yes
  • Income And Expenses Cap Rate: 8.25
  • Gross Scheduled Income: 33600.0
  • Fencing Back Yard: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Half Bathrooms: 5

Exterior Features

  • Roof: Composition
  • Fencing: Back Yard
  • Acres: 0.73
  • 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: 31904.0
  • ResoLotSizeUnits: Acres
  • Parcel #: R313644

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Annual Amount: 8149.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/12/2025 09/12/25 For Sale $460,000 0.0% $86 / Sq Ft
08/31/2025 08/31/25 Off Market -- -- --
02/23/2025 02/23/25 For Sale $460,000 -- $86 / Sq Ft
Source: Lubbock Association of REALTORS®

Source: Lubbock Association of REALTORS®

MLS Number: 202550866

Lubbock Association of REALTORS®
Texas Lubbock County Lubbock 79412 Ballenger

Package Property 2, Lubbock, TX

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.
Information is deemed reliable but not guaranteed.

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Collen Melton
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Collen Melton
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