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B+
NoAgentList RatingHow are grades calculated?Info
Days195Days on Market
Views1view
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$122,500

2207 23rd Street, Lubbock, TX, 79411

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths984 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$124.49 / sqft
Year BuiltBuilt in 1929

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

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

Exterior

Exterior FeaturesNone
Lot Size10,850 sqft

Building Information

Year Built1929
Roof Type105
Garage Spaces2

Land Information

APNR119929
Lot Number3
SubdivisionMccrummen 2nd
Land UseResidential
Legal DescriptionMCCRUMMEN 2ND BLK 61 L 4 & W27.5'OF 3
Census Tract001401
Assessed Land Value$25,000
Assessed Improvement Value$63,656
Assessment Year2025

About this property

Public Remarks: Location, Location, Location: Being situated in the TTU and the Medical District places these properties in a high-demand rental market. Proximity to Texas Tech University and the medical facilities ensures a consistent pool of potential tenants or property can be sold separately perfect for first-time buyers looking for a place to call home after 7/25/2026. Lease Agreement $1000/Mo expired 7/25/2026. Call LA for showing. Fully Leased: Immediate cash flow is a major plus. No need to worry about vacancies and lease-up periods. The properties are already generating income from day one. Well-Maintained and Updated: Classic Charm: Original hardwood flooring, adding warmth and character; updated aesthetic and manageable size. The property(s) are in good condition, potentially reducing future maintenance costs and attracting higher-quality tenants. Portfolio purchase of all 4 properties: 3815 25th Street, 4117 33rd Street, 2207 23rd Street, and 2312 15th Street can be sold individually for $738,300 as a package Potential Rent: The current monthly lease revenue of $6,415.00 & annual potential rent of $76,980.00. Bring all Offers! Total Annual Property TAXES for all 4 properties is $8,119.08.

Investor Tools

$0Estimated Mortgage Balance
$116,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$735 /month
Positive
Cash Flow Estimate:
$245 /month

Interested in this property?

Dianna Romans

Keller Williams Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$199/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,803
$88,656
2025
$25,000
$63,656
$88,656
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,803
$88,656

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$116,000
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
10.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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