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$208,000

NAL Estimated Property Value

1608 Lucile Avenue, Wichita Falls, TX, 76301

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,915 Sq Ft
Year BuiltBuilt in 1914

Property Lead Type:

BankruptcyAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesNone
FlooringLaminate

Exterior

Lot Size8,999 sqft

Building Information

Year Built1914
Roof Type105

Land Information

APN3300 357 00
Lot Number10
SubdivisionSouthland
Land UseResidential
Legal DescriptionLOT 10 BLK 26 SOUTHLAND
Census Tract010200
Assessed Land Value$5,000
Assessed Improvement Value$47,036
Assessment Year2025

About this property

Discover a beautifully refreshed duplex that’s been thoughtfully reimagined from top to bottom. This property has undergone a full renovation, offering a clean, modern feel throughout both units. From the moment you step inside, you’ll notice the brand-new flooring, fresh interior paint, updated cabinetry, sleek countertops, and upgraded finishes that create a warm and move-in-ready space. Whether you’re searching for a reliable investment property, planning to live in one unit while renting the other, or seeking a turn-key rental opportunity, this duplex checks all the boxes. Each unit delivers comfortable functionality, updated style, and the flexibility today’s buyers and tenants appreciate. Bonus Opportunity: Seller is motivated and open to negotiating a split sale of the duplex. This property is ready for its next chapter — and the opportunity is yours. Let’s make it happen!

Investor Tools

Property Icon
$208,000
Estimated Property Value
$144,826Estimated Mortgage Balance
$63,174Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,260 /month
Positive
Cash Flow Estimate:
$420 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$302/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,583
$52,036
2025
$5,000
$47,036
$52,036
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,583
$52,036

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rain City Capital Llc
Commercial
$153,786
No
First
Mar 10, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$144,826
$63,174
30%
70%
$923/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,274/mo
$923/mo
+$351/mo
7.3%

City: Wichita Falls

1608 Lucile Avenue | Property Details | No Agent List