2116 15th Street

Lubbock, TX 79401

$395,000
Last List Price
1
Beds
1
Bath
5,600 Sq. Ft.
$71 / Sq. Ft.
5,600
Sq. Ft.
$71
per Sq. Ft.

Description

The subject property is a portfolio of 12 units in a prime student area with walkability to Texas Tech. The property is being sold by the lender as previous owner mismanaged. Price per unit is below market discount price of $32,916. Projected rental income per unit is $450-495 per month. Value add opportunity. High demand area with university and city wide growth projected for next 5-10 years.The subject property is a portfolio of 12 units in a prime student area with walkability to Texas Tech. The property is being sold by the lender as previous owner mismanaged. Price per unit is below market discount price of $32,916. Projected rental income per unit is $450-495 per month. Value add opportunity. High demand area with university and city wide growth projected for next 5-10 years.
  1. Listed by Josh E Allen • TREC #0525402 • Keller Williams Realty
  2. Listed by Casey Klingensmith • TREC #0633729 • Keller Williams Realty

Amenities

  • Air Conditioning

Location

Listing Courtesy of Keller Williams Realty

Sold By Brick & Loft Realty

Add your commute
LISTING UPDATED: 04/01/2021 09:50 AM

Property Details for 2116 15th Street

StatusSold
MLS #202100436
Days on Market78
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Garden/Low-Rise
Year Built1928
Lot Size0.20 AC / 8,606 SF
CountyLubbock County

Location

Listing Courtesy of Keller Williams Realty

Sold By Brick & Loft Realty

Add your commute

Building Information for 2116 15th Street

Stories-Residences-Year Built1928Building Size-Lot Size0.20 AC / 8,606 SF

Payment Calculator

$2,621 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,156

Property Taxes

$465

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2116 15th Street

Summary
Location and General Information
  • FIPS Code: 303
  • Style: 2 Story, Traditional
  • Sub Zone: 108
  • Zip Plus 4: 3743
Owner
  • Owner Name: High Mile Properties Llc
Parking
  • Garage Space: 0
Taxes and HOA Information
  • Proposed Financing: Cash, Conventional, VA
Property
Lot Information
  • Acres: 0.2
  • Age: 0
  • Lot Measurement: SqFt
  • Three Quarter Bathrooms: 0
Property and Assessments
  • Foundation: Pier/Beam
  • Property Subtype 1: Garden/Low-Rise
  • Streets: Paved
  • Year Built Exception: 0.0
Utilities
  • Cooling: Window/Refrigerated
  • Heat: Other
Interior and Exterior Features
Exterior Features
  • # Wells: 0
  • Exterior: Brick, Other
  • Roof: Composition
Interior Features
  • Quarter Bathrooms: 0
Multi Family
Unit 1
  • Unit 1 # of Spaces: 0
  • Unit 1 Bathrooms: 1.0
  • Unit 1 Bedrooms: 1
  • Unit 1 Features: Ceiling Fan(s)
  • Unit 1 Identical Unt: 0
  • Unit 1 Income: $0
  • Unit 1 SqFt: 0.0
Unit 2
  • Unit 2 # of Spaces: 0
  • Unit 2 Bathrooms: 1
  • Unit 2 Bedrooms: 1
  • Unit 2 Features: Ceiling Fan(s)
  • Unit 2 Identical Unt: 0
  • Unit 2 Income: $0
  • Unit 2 SqFt: 0.0
Unit 3
  • Unit 3 # of Spaces: 0
  • Unit 3 Bathrooms: 1
  • Unit 3 Bedrooms: 1
  • Unit 3 Features: Ceiling Fan(s)
  • Unit 3 Identical Unt: 0
  • Unit 3 Income: $0
  • Unit 3 SqFt: 0.0
Unit 4
  • Unit 4 # of Spaces: 0
  • Unit 4 Bathrooms: 1
  • Unit 4 Bedrooms: 1
  • Unit 4 Identical Unt: 0
  • Unit 4 Income: $0
  • Unit 4 SqFt: 0.0
Unit 5
  • Unit 5 # of Spaces: 0
  • Unit 5 Bathrooms: 1
  • Unit 5 Bedrooms: 1
  • Unit 5 Identical Unt: 0
  • Unit 5 Income: $0
  • Unit 5 SqFt: 0.0
Unit 6
  • Unit 6 # of Spaces: 0
  • Unit 6 Bathrooms: 1
  • Unit 6 Bedrooms: 1
  • Unit 6 Identical Unt: 0
  • Unit 6 Income: $0
  • Unit 6 SqFt: 0.0
Unit 7
  • Unit 7 # of Spaces: 0
  • Unit 7 Bathrooms: 1
  • Unit 7 Bedrooms: 1
  • Unit 7 Identical Unt: 0
  • Unit 7 Income: $0
  • Unit 7 SqFt: 0.0
Unit 8
  • Unit 8 # of Spaces: 0
  • Unit 8 Bathrooms: 1
  • Unit 8 Bedrooms: 1
  • Unit 8 Identical Unt: 0
  • Unit 8 Income: $0
  • Unit 8 SqFt: 0.0

Property History for 2116 15th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2116 15th Street

Taxable ValueLand$2,700Additions$297,300Total$300,000
Tax Record2023$5,576 ($465 / month)
Home Facts
Total Finished SqFt4,688 SqFtAbove Grade Finished SqFt4,688 SqFtLot Size8,606 SqFtStyleMulti-Family Res (5+ Units)Year Built1928Year Renovated1990Zoning0038CountyLUBBOCKAPNR41018Fireplace TypeHas Fireplace

Schools near 2116 15th Street

This home is within Lubbock Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ramirez Charter School
PublicPK to 5

Hutchinson Middle School
Public6 to 8

Lubbock High School
Public9 to 12

Matthews Lrn Ctr/New Directions
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.