Last 24 Hours
$444,000
NAL Estimated Property Value10013 County Road 6900, Lubbock, TX, 79407
Off Market
Commercial
2 Beds
2 Bath
12,019 Sq Ft
$33.28 / sqft
Built in 1953Highlights
Interior
Bedrooms 2
Bathrooms Full 2
Heating
CoolingExterior
Lot Size4.95 acres
Building Information
Year Built1953
Roof Type105
Land Information
APNR163773
Lot Number80080
Land UseResidential
Legal DescriptionBLK D6 SEC 9 AB 106 TR B8 OF NW/4 AC: 4.95 (LESS BLDG ONLY)
Census Tract010418
Assessed Land Value$69,300
Assessed Improvement Value$283,562
Assessment Year2025
About this property
Calling ALL Investors and Entrepreneurs. 8 Doors ALL LEASED. Situated on nearly 5 acres on West 50th Street in Frenship ISD. Additional revenue from 2 RV Spots, 50 x 30 Shop, and 24 x 12 Office. Each residence has it's own 2 car carport. Long Term tenants in place. Perfect opportunity awaits...Call TODAY so you can envision your New Tomorrow with this Turn Key Opportunity!
Investor Tools
$444,000
Estimated Property Value
$293,321Estimated Mortgage Balance
$150,679Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,664 /month
Positive
Cash Flow Estimate:
$888 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$654/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,625
$352,862
2025
$69,300
$283,562
$352,862
No
Tax History
Year
Tax Paid
Assessed Value
2024
$5,625
$352,862
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Happy State Bank
Open End Mortgage / Open End With Future Advance Clause
$320,000
No
First
Dec 30, 2021
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$293,321
$150,679
33%
66%
$1,919/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,017/mo
$1,919/mo
$-902/mo
2.7%
12.4%