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$269,000

8012 Richmond Ave, Lubbock, TX, 79424

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,417 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$111.29 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Oven
FlooringTile, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size7,840 sqft

Building Information

Year Built1976
Roof Type114
Garage Spaces844

Land Information

APNR71034
Lot Number3980
SubdivisionQuaker Heights
Land UseResidential
Legal DescriptionQUAKER HEIGHTS L 398
Census Tract001804
Assessed Land Value$19,600
Assessed Improvement Value$190,986
Assessment Year2025

About this property

Welcome to 8012 Richmond, a beautifully remodeled home offering 3 bedrooms and 2 bathrooms in the main house, plus a separate 399 sq. ft. studio with a full bathroom in the back. The main home features approximately 2,018 sq. ft. with new flooring, updated countertops, and fresh remodeling throughout, creating a clean, comfortable, and inviting space. The spacious living room features a cozy fireplace, vaulted ceiling, and plenty of natural light. The separate studio adds incredible flexibility—perfect for guests, extended family, a private home office, or potential rental income. The roof was replaced in October 2025, providing added peace of mind. With thoughtful updates, generous living space, and a versatile detached studio, this property offers a unique combination of comfort and functionality.

Investor Tools

$139,322Estimated Mortgage Balance
$103,678Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,614 /month
Positive
Cash Flow Estimate:
$538 /month

Interested in this property?

Han Li

Keller Williams Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$412/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,726
$210,586
2025
$19,600
$190,986
$210,586
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,726
$210,586

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Top One Mortgage
Conventional
$155,250
No
First
Jun 4, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$139,322
$103,678
42%
57%
$931/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
$931/mo
+$509/mo
7.1%

City: Lubbock

8012 Richmond Ave | Property Details | No Agent List