Listing Courtesy Of:
Keller Williams Realty, Dianna Romans
Local Realty Services Provided By:
Keller Williams Realty
Overview
What It'll Cost
Neighborhood
Similar Homes
$189,500
3815 25th Street, Lubbock, TX 79410
4 Beds
2 Baths
1,403
sq ft
.17
ac
Log In to Reveal Price
$189,500
3815 25th Street, Lubbock, TX 79410
Estimation provided by Keller Williams Realty Inc.
4 Beds
2 Baths
1,403
sq ft
.17
ac
Active
For Sale
Property Description
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. 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. Discounted Price: The 2.5% discount for a portfolio purchase of all 7 properties (3815 25th Street, 4117 33rd Street, 2708 24th Street, 2207 23nd Street, 1924 21st Street, 4118 30th Street and 2312 15th Street sold individually at $1,476,500.00) represents a substantial saving, effectively lowering the overall investment cost. Financial overview: Gross Potential Rent: The current monthly lease revenue of $12,355 translates to an annual potential rent of $148,260. Discounted Purchase Price: Taking advantage of the 2.5% discount reduces the total purchase price to $1,439,500.00 ($37K Savings). Bring all offers! Potential Return: While we don't have all the expense information, these figures allow you to calculate a preliminary gross rental yield, which can help assess the potential return on investment.
Assessed Value is a combination of the land and additions.
2023
$2,233
(-0.53%)
$120,127
Land 10,980 +
Additions 109,147
2022
$2,245
(+5.72%)
$110,895
Land 10,980 +
Additions 99,915
2021
$2,124
(+17.74%)
$99,837
Land 10,980 +
Additions 88,857
2020
$1,804
(-21.58%)
$90,028
Land 10,980 +
Additions 79,048
2019
$2,300
(+1.5%)
$102,445
Land 10,980 +
Additions 91,465
2018
$2,266
$100,797
Land 10,980 +
Additions 89,817
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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