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$296,000

NAL Estimated Property Value

2504 27th St, Lubbock, TX, 79410

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,398 Sq Ft
TriplexTriplex
price_per_sqft$98 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator

Exterior

Lot Size9,938 sqft

Building Information

Year Built1948
Roof Type105
Garage Spaces2

Land Information

APNR105018
Lot Number200
SubdivisionDelmar Annex
Land UseResidential
Legal DescriptionDELMAR ANX BLK 1 L 21 & E/2 OF 20
Census Tract001502
Assessed Land Value$38,000
Assessed Improvement Value$252,500
Assessment Year2025

About this property

Looking for a unicorn in Tech Terrace? Well, this unique grandfathered Triplex is just that. The downstairs 2 bed 2 bath with separate dining and large living area is spacious enough for a small family or roommate situation. The upstairs has a 1 bed 1 bath and a large living area and a full kitchen with 2 separate entrances with a rooftop patio. Above the detached 2 car garage is a small efficiency apartment perfect for a student. There is also a shared onsite laundry that all units can access. The owner has recently updated the electrical and the HVAC as well as many other small items. There is a large circle drive with plenty of off-street parking for multiple vehicles. This would be an ideal purchase for a handy investor as it still needs a little TLC. Income potential here is huge. Schedule a showing now. 24-hour notice required and due to tenant schedule showing times will be limited.

Investor Tools

Property Icon
$296,000
Estimated Property Value
$153,221Estimated Mortgage Balance
$142,779Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,776 /month
Positive
Cash Flow Estimate:
$592 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$563/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,275
$290,500
2025
$38,000
$252,500
$290,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,275
$290,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Great Western Financial Services Inc
Conventional
$168,750
No
First
Jul 14, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$153,221
$142,779
48%
52%
$1,012/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,740/mo
$1,012/mo
+$728/mo
7.1%

City: Lubbock

2504 27th St | Property Details | No Agent List