$442,000

Package Property 3 Lubbock, TX 79415

Arnett Benson Neighborhood

Estimated payment $2,862/month

Total Views 6,521
15 Beds
10 Baths
5,443 Sq Ft
$81 Price per Sq Ft

Highlights

  • 0.82 Acre Lot
  • Traditional Architecture
  • Central Heating and Cooling System
  • Lubbock High School Rated A-
  • No HOA
  • 2-minute walk to Rodgers Park

About This Home

3 out of 5 of the units are rented, Pro-Forma cap rate is based on 100% occupancy.

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

Year Built

  • Built in 2012

Home Design

  • Traditional Architecture
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 5,443 Sq Ft Home
  • Ceiling Fan

Bedrooms and Bathrooms

  • 15 Bedrooms

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces

Additional Features

  • 0.82 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number R77785, R29059, R89652, R31717, R38567

Community Details

Overview

  • No Home Owners Association

Building Details

  • Gross Income $54,600
  • Net Operating Income $38,093

Property Details

Home Type

Multi-Family

Year Built

Built in 2012

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 2012
  • 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: 5443.0
  • Style: Traditional
  • Carport Y N: Yes
  • New Construction: No
  • Legal Description: MADDOX BLK 4 L 19 & 20 WOOD E M BLK 1 L 12 SCALES BLK 1A W45'OF L 4 & E10'OF 5 ELLISTON C D BLK 1 L 13 NELSON HTS BLK 5
  • Location Tax and Legal Parcel Number2: R77785, R29059, R89652, R31717, R38567
  • General Property Information:Bathrooms Half: 5
  • General Property Information Above Grade Finished Area: 5443.0
  • General Property Information Lot Size Acres: 0.8203
  • General Property Information Lot Size Square Feet2: 35731.0
  • 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: 7087.0
  • General Property Information Accessibility Features YN2: No
  • Cooling:Central Air: Yes
  • Architectural Style Traditional: Yes
  • Roof:Composition: Yes
  • Income And Expenses Cap Rate: 8.62
  • Gross Scheduled Income: 32400.0
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Half Bathrooms: 5
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Roof: Composition
  • Acres: 0.82
  • 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: 35731.0
  • ResoLotSizeUnits: Acres
  • Parcel #: R77785, R29059, R89652, R31717, R38567
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Annual Amount: 7087.0

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

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 For Sale $442,000 -- $81 / Sq Ft
Source: Lubbock Association of REALTORS®

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See All Homes in Lubbock

Source: Lubbock Association of REALTORS®

MLS Number: 202550908

Lubbock Association of REALTORS®

Texas Lubbock County Lubbock 79415 Arnett Benson

Package Property 3, Lubbock, TX

This home is located at Package Property 3, Lubbock, TX 79415 and is currently priced at $442,000, approximately $81 per square foot. This property was built in 2012. Package Property 3 is a home located in Lubbock County with nearby schools including McWhorter Elementary School, Cavazos Middle School, and Lubbock 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.
Information is deemed reliable but not guaranteed.

Nearby Homes
Collen Melton
Listing Agent
Collen Melton
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Brick & Loft Realty
(806) 615-3968