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$210,000

1608 Lucile Avenue, Wichita Falls, TX, 76301

On MarketInfo
Baths1,915 Sq Ft
DuplexDuplex
Year BuiltBuilt in 1914

Property Lead Type:

BankruptcyPre-ForeclosureMust-SellAbsentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

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
$0Estimated Mortgage Balance
$63,174Estimated Equity
100% 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

Interested in this property?

SANDRA WORTHAM

Morine Empire Realty

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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%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Wichita Falls

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1608 Lucile Avenue | Property Details | No Agent List