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Days9Days on Market
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$25,000

2003 E 15th St, Lubbock, TX, 79403

$32,500 ARVInfo
On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths728 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$34.34 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Exterior FeaturesNone
Lot Size7,770 sqft

Building Information

Year Built1949
Roof Type114

Land Information

APNR138089
Lot Number20
SubdivisionSloan
Land UseResidential
Legal DescriptionSLOAN L 2
Census Tract001000
Assessed Land Value$300
Assessed Improvement Value$43,409
Assessment Year2025

About this property

Investor special with significant upside potential! This property is being sold strictly as-is and will require a complete gut renovation. Buyers should anticipate repairs or replacement of all major systems and finishes, including the roof, plumbing, electrical, HVAC, windows, flooring, kitchen, bathrooms, and more. The property is currently occupied. The seller will not be delivering the property vacant, and the buyer will be responsible for handling the occupant and obtaining possession after closing. Do not disturb or approach the occupant. This is a substantial project best suited for an experienced investor, contractor, or buyer prepared to take on a full renovation and occupancy situation. With the right vision and execution, the property may offer strong potential as a flip or long-term rental. Priced aggressively at a fraction of its potential renovated value. Cash or hard-money offers preferred. Buyer to verify all property information, condition, repair requirements, and occupancy matters. No representations or warranties are made. This is a marketing of contractual rights only. No ownership interest in real property is being conveyed

Investor Tools

$0Estimated Mortgage Balance
$46,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$32,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$300 /month
Positive
Cash Flow Estimate:
$100 /month

Interested in this property?

Nathan Bruegel

Wise Cardinal Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$84/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$773
$43,709
2025
$300
$43,409
$43,709
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$773
$43,709

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$46,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,017/mo
N/A
+$1,017/mo
26.5%

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: Lubbock

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2003 E 15th St | Property Details | No Agent List