$250,000
$250,000
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N 14th Street Lamesa, TX 79331
7 Beds
7 Baths
3,856 SqFt
Key Details
Sold Price $250,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,856 sqft
Price per Sqft $64
MLS Listing ID 202550013
Sold Date 04/16/25
Style Traditional
Bedrooms 7
Full Baths 7
HOA Y/N No
Year Built 1950
Annual Tax Amount $5,866
Lot Size 0.312 Acres
Acres 0.31
Property Sub-Type Multi Family
Property Description
7 UNIT APARTMENT COMPLEX
802 North 14th, Lamesa TX
Price: $250,000.00
This well-maintained complex is one of a kind in Lamesa. Consists of seven separate units, with each unit having a kitchen with dining area, a living area, single bedroom and one bathroom with a tub/shower combination. Heat is provided by gas wall units in each apartment. There are also at least two window unit air conditioners in each apartment. All rooms are furnished with a refrigerator and a 4-burner stove with oven.
Each apartment has a slightly different floor plan, ranging in size from 500 sf to 600 sf. Total square footage is 3,856, on a .312-acre lot. There are four small, covered porches, a small metal storage building, and a carport for apt #7. The composition roof was replaced in August of 2021.
Each unit has its own separate water, gas and electric meter, and tenants pay their own utilities. No hook ups on site for washers/dryers.
Rents currently range from $350 to $510 per month. With all units full the current monthly income is $3,090. Some rate increases are obviously overdue. Vacancy rate is virtually nil.
2024 Property Tax $5,866
Property Insurance $5,343
Quarterly pest treatment ($270) $1,080
Yard maintenance annual estimate $1,000
Annual expense $13,289
Location
State TX
County Dawson
Area Dawson County
Direction 802 N 14th Street, Lamesa,Texas 79331
Rooms
Basement Basement
Interior
Heating Natural Gas, Wall Furnace
Cooling Ceiling Fan(s), Multi Units, Wall/Window Unit(s)
Flooring Carpet, Vinyl
Equipment None
Fireplace No
Window Features Wood Frames
Appliance Electric Range, Refrigerator
Exterior
Exterior Feature Private Entrance, Rain Gutters
Parking Features Additional Parking, Concrete, Driveway, Off Street, Parking Pad
Fence Block
Community Features None
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Composition
Porch Covered, Front Porch
Garage No
Private Pool No
Building
Lot Description City Lot, Corner Lot
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Architectural Style Traditional
New Construction No
Schools
Elementary Schools North
Middle Schools Lamesa
High Schools Lamesa
Others
Tax ID 1099
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Standard
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