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For sale
  • $380,000

    1501 & 1503 County Road 14, Lamesa, TX 79331

    4beds
    2,500sqft
    : 
    Package Property, Multi Family
    Built in 1948
    -- sqft lot
    $-- Zestimate®
    $152/sqft
    $-- HOA

    What's special

    Incredible investment opportunity! This 5-acre property, located just a quarter mile from Highway 87, features five residential units, including two brick homes and three mobile homes, along with two wells on-site. The rental income potential is strong, with current and past rents as follows: - 3BR/2BA brick home - Currently rented for $1,200/month - 1BR/1BA trailer - Last rented for $800/month - 2BR/2BA trailer - Last rented for $800/month - 3BR/2BA trailer - Last rented for $1,000/month (currently gutted and ready for remodel) - 4BR/4BA brick home - Previously owner-occupied, offering potential for rental or primary residence With two wells, multiple income-producing units, and easy access to Highway 87, this property is ideal for investors, multi-generational living, or those looking to generate passive income. Potential rental income easy surpasses the 1% rule. Don't miss this versatile and high-potential opportunity—contact me today for more details!
    36 days
    on Zillow
    |
    142
    |
    9
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 28, 2025 at 11:43am

    Listed by:

    Derek Dominguez TREC #0824598 806-494-8700,

    L3 Brokers

    Source: LBMLS,MLS#: 202552049MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 1501 & 1503 County Road 14.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Central, Electric, Fireplace(s), Space Heater
    Cooling
    • Ceiling Fan(s), Central Air, Electric, Wall/Window Unit(s)
    Appliances
    • Included: Exhaust Fan, Gas Cooktop, Microwave, Washer/Dryer
    • Laundry: Electric Dryer Hookup, Inside, Washer Hookup
    Features
    • Ceiling Fan(s)
    • Flooring: Hardwood, Laminate, Tile
    • Windows: Screens
    • Has basement: Yes
    • Has fireplace: Yes
    Interior area
    • Total structure area: 2,500
    • Total interior livable area: 2,500 sqft
    • Finished area above ground: 2,500

    Property

    Parking
    • Total spaces: 1
    • Parking features: Carport, Driveway
    • Carport spaces: 1
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Deck
    • Exterior features: Private Entrance
    • Fencing: Wrought Iron
    Lot
    • Size: 5 Acres
    Details
    • Additional structures: Mobile Home
    • Parcel number: 7205
    • Other equipment: TV Antenna

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Package Property, Multi Family
    Materials
    • Brick, Metal Siding
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1948

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well
    • Utilities for property: Cable Connected, Electricity Connected

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    HOA
    • Has HOA: No
    Location
    • Region: Lamesa

    Financial & listing details

    • Price per square foot: $152/sqft
    • Annual tax amount: $10,178
    • Date on market: 3/21/2025
    • Listing terms: Cash,Conventional
    • Electric utility on property: Yes
    • Road surface type: Dirt
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