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$2,600,000

8302 Raleigh Ave, Lubbock, TX, 79424

On MarketInfo
Just AddedInfo
Beds6 Beds
Baths4 Bath
Baths24,993 Sq Ft
Package PropertyPackage Property
price_per_sqft$104.03 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size6,000 sqft

Building Information

Year Built1994
Roof Type105
Garage Spaces36

Land Information

APNR64874
Lot Number130
SubdivisionLovell S Mark
Land UseResidential
Legal DescriptionLOVELL S MARK L 13
Census Tract010502
Assessed Land Value$18,000
Assessed Improvement Value$232,000
Assessment Year2025

About this property

Here is a wonderful opportunity to acquire a beautiful package of income producing duplexes, that are fully occupied, producing healthy income, and easy to manage. There are a total of 9 Duplex units available all located in 79424 and South Lubbock, 5 on Raleigh and 4 on 96th St. These units have seen improvement over the years and are in phenomenal shape. It is tough to find duplexes that you can by so close together! The seller is open to selling all as one package, or breaking the packages up between the Raleigh Duplexes, 96th St Duplexes. If you are looking for a few more, the seller has a some single family homes that can be sold also. 1031's welcome. Let's put a deal together!

Investor Tools

$126,272Estimated Mortgage Balance
$181,728Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$15,600 /month
Positive
Cash Flow Estimate:
$5,200 /month

Interested in this property?

Jarrett Thornton

Jarrett Thornton

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$497/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,424
$250,000
2025
$18,000
$232,000
$250,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,424
$250,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lubbock National Bank
Commercial
$153,000
No
First
Apr 11, 2018
Apr 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$126,272
$181,728
59%
41%
$918/mo

City: Lubbock

8302 Raleigh Ave | Property Details | No Agent List