$414,000

Package Property Lubbock, TX 79382

Arnett Benson Neighborhood

Estimated payment $2,705/month

Total Views 6,361
14 Beds
10 Baths
5,340 Sq Ft
$78 Price per Sq Ft

Highlights

  • 0.85 Acre Lot
  • Lubbock High School Rated A-
  • Central Heating and Cooling System

About This Home

Package of 5 properties for sale, 4 out of the 5 are currently leased. Pro-Forma Cap Rate of 8.27% is based on 100% occupancy.

Listing Agent

Collen Melton

Brick & Loft Realty License #0774198 Listed on: 02/22/2025

Co-Listing Agent

Travis Turner

Brick & Loft Realty License #0660475

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006

Home Design

  • 5,340 Sq Ft Home
  • Vinyl Siding

Bedrooms and Bathrooms

  • 14 Bedrooms

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces

Additional Features

  • 0.85 Acre Lot
  • Central Heating and Cooling System

Community Details

  • Gross Income $51,720
  • Net Operating Income $34,222

Listing and Financial Details

  • Month-to-Month Lease Term
  • Assessor Parcel Number R117412

Property Details

Home Type

Multi-Family

Year Built

Built in 2006

Lot Details

0

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: SMITH COLLIER BLK 1 E/2 OF L 17 RICELAND BLK 1 L 3 SOUTHMOOR BLK 3 L 5 PARKS BLK 20 L 4 CHERRY POINT L 316
  • Location Tax and Legal Parcel Number2: R117412
  • General Property Information:Bathrooms Half: 5
  • General Property Information Above Grade Finished Area: 5340.0
  • General Property Information Lot Size Acres: 0.8455
  • General Property Information Lot Size Square Feet2: 36829.0
  • 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: 7998.0
  • General Property Information Accessibility Features YN2: No
  • Cooling:Central Air: Yes
  • Income And Expenses Cap Rate: 8.27
  • Lease Term Options Month To Month: Yes
  • Gross Scheduled Income: 43320.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Half Bathrooms: 5
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Acres: 0.85
  • 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: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes

Lot Info

  • Lot Size Sq Ft: 36829.0
  • ResoLotSizeUnits: Acres
  • Parcel #: R117412
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Annual Amount: 7998.0

Map

Range of Values:

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Average Value
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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
04/21/2025 04/21/25 For Sale $630,000 -3.1% --
03/19/2025 03/19/25 For Sale $650,000 +57.0% --
02/22/2025 02/22/25 For Sale $414,000 -- $78 / Sq Ft
Source: Lubbock Association of REALTORS®

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See All Homes in Lubbock

Source: Lubbock Association of REALTORS®

MLS Number: 202550863

Lubbock Association of REALTORS®

Texas Lubbock County Lubbock 79382 Arnett Benson

Package Property, Lubbock, TX

This home is located at Package Property, Lubbock, TX 79382 and is currently priced at $414,000, approximately $77 per square foot. This property was built in 2006. Package Property is a home located in Lubbock County with nearby schools including Wolffarth 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) 230-5598