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$263,000

NAL Estimated Property Value

2123 18th St, Lubbock, TX, 79401

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths2,656 Sq Ft
price_per_sqft$107.3 / sqft
Year BuiltBuilt in 1934

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
CoolingCooling
AppliancesDishwasher, Refrigerator

Exterior

Lot Size9,000 sqft

Building Information

Year Built1934
Roof Type183

Land Information

APNR38807
Lot Number12
SubdivisionOverton
Land UseResidential
Legal DescriptionOVERTON BLK 49 L 12
Census Tract000607
Assessed Land Value$22,600
Assessed Improvement Value$195,252
Assessment Year2025

About this property

Located within walking distance to Texas Tech you will find this nice Quadruplex for sale. The front address is a triplex at 2123 18th. The front is a 3/2 that is 1382 Sq ft and is rented for $840 a month. The other 2 units up front are 1/1 and rents are $595 and $655 they both are 558 and 600 sq ft. The back unit, being the 4th unit has its own address 1805 Ave V and it is 558 sq ft and is rented for $575 a month. This is a pretty unique piece of property that even has an extra lot that comes with the property. This would be a very nice addition to a rental portfolio. Total monthly rent is $2665

Investor Tools

Property Icon
$263,000
Estimated Property Value
$188,296Estimated Mortgage Balance
$74,704Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,710 /month
Positive
Cash Flow Estimate:
$570 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$417/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,686
$217,852
2025
$22,600
$195,252
$217,852
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,686
$217,852

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Builders Trust Capital Llc
Commercial
$195,000
No
First
Jun 10, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$188,296
$74,704
28%
72%
$1,170/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,530/mo
$1,170/mo
+$360/mo
7.0%

City: Lubbock

2123 18th St | Property Details | No Agent List