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$249,500

2202 16th St, Lubbock, TX, 79401

PendingInfo
Beds4 Beds
Baths3 Bath
Baths2,989 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$83.47 / sqft
Year BuiltBuilt in 1928

Property Lead Type:

Absentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDishwasher
FlooringHardwood, Tile

Exterior

Exterior FeaturesAwning(s), Lighting, Private Yard
Lot Size12,750 sqft

Building Information

Year Built1928
Roof Type105
Garage Spaces2

Land Information

APNR52469
Lot Number24
SubdivisionOverton
Land UseResidential
Legal DescriptionOVERTON BLK 75 L 23 & 24
Census Tract000607
Assessed Land Value$40,000
Assessed Improvement Value$142,016
Assessment Year2025

About this property

Rich in history and timeless character, this unique property sits on two spacious lots in the heart of South Overton, just a short walk from Texas Tech University and Jones AT&T Stadium. Opportunities to own a home of this era with this level of architectural integrity rarely come available so close to campus, especially along charming brick paved streets and featuring a welcoming wraparound front porch. The main house offers 3 generously sized bedrooms, 2 bathrooms, 2 car garage, two spacious living areas, and an oversized dining room perfect for gatherings. The basement provides flexible space ideal for a game room, office, or potential fourth bedroom. In addition, the property includes a 1 bedroom, 1 bathroom back house efficiency apartment an excellent opportunity for rental income, guest accommodations, or multigenerational living. While ready for restoration, the home already features several valuable updates, including a concrete driveway and a newer HVAC system providing a strong foundation to bring this historic gem back to life. Call today for your private showing.

Investor Tools

$0Estimated Mortgage Balance
$247,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,497 /month
Positive
Cash Flow Estimate:
$499 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$355/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,029
$182,016
2025
$40,000
$142,016
$182,016
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,029
$182,016

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$247,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,530/mo
N/A
+$1,530/mo
7.4%

City: Lubbock

2202 16th St | Property Details | No Agent List