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$200,000

2014 40th Street, Lubbock, TX, 79412

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths2 Bath
Baths2,462 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$81.23 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
AppliancesDisposal

Exterior

Exterior FeaturesNone
Lot Size7,950 sqft

Building Information

Year Built1953
Roof Type105

Land Information

APNR118131
Lot Number14
SubdivisionMathis
Land UseResidential
Legal DescriptionMATHIS BLK 3 L 14
Census Tract002302
Assessed Land Value$20,000
Assessed Improvement Value$150,734
Assessment Year2025

About this property

Two Homes, One Property — Turnkey Investment or Multi-Gen Living! -This unique property delivers exceptional value with a fully renovated 3-bed/1-bath main home (1,912 sq ft) currently leased month-to-month at $1,100/month. Thoughtfully updated top to bottom, the main house features fresh interior paint, new fixtures, custom cabinetry, granite countertops, and a stunning new bathroom with a double vanity. Major systems are fairly new— HVAC, windows, and the roof give you peace of mind for years to come. -It doesn't stop there! — a fully registered, separately metered 2-bed/1-bath guest house in good shape (550 sq ft)! Guest house previously generated $700/month in rental income, and has a dedicated outbuilding with washer/dryer hookups and additional storage. -Whether you're an investor looking for a solid multi-unit property or a buyer who wants space for family, this property checks every box. Schedule your private tour today.

Investor Tools

$0Estimated Mortgage Balance
$170,734Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month

Interested in this property?

Sol Carver

SSOLD Realty, Inc.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$337/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,196
$170,734
2025
$20,000
$150,734
$170,734
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,196
$170,734

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$170,734
100%
0%
$0/mo

City: Lubbock

2014 40th Street, Lubbock, TX 79412 | Property Details | No Agent List