Description
This asset is offered as part of a value-add investment portfolio of 18 properties. This 3-bedroom, 1-bath home is offered at approximately 75% of market value and comes with a steady, reliable tenant paying $1,000/month through a state-funded programproviding guaranteed rent income. The lease includes all utilities, making this an "all-bills-paid" property; even with that extra cost, the yield remains well above the 1 % rule. The owner has invested heavilyover $12,000in cosmetic upgrades, new mini-split HVAC units, and a new roof. This property delivers security, ease of management, and a stable return with upside potential in rent structuring or future lease adjustments.
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3BEDS
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0.15ACRES
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1BATHS
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01/2 BATHS
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950SQFT
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$65$/SQFT
Description
This asset is offered as part of a value-add investment portfolio of 18 properties. This 3-bedroom, 1-bath home is offered at approximately 75% of market value and comes with a steady, reliable tenant paying $1,000/month through a state-funded programproviding guaranteed rent income. The lease includes all utilities, making this an "all-bills-paid" property; even with that extra cost, the yield remains well above the 1 % rule. The owner has invested heavilyover $12,000in cosmetic upgrades, new mini-split HVAC units, and a new roof. This property delivers security, ease of management, and a stable return with upside potential in rent structuring or future lease adjustments.
© 2025 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-11-15T10:58:48.617.