Description
This asset is offered as part of a value-add investment portfolio of 18 properties. This 3-bedroom, 2-bath home is currently rented for $850 per month and offered at roughly 74% of market value, performing well above the 1% rule. The property has had important improvements, including a roof replacement in 2021, a new gas line, and various cosmetic updates, ensuring continued functionality and tenant satisfaction. The home is occupied by a reliable tenant and only needs minor exterior updates, making it a solid performer with room to enhance value. Located near Interstate 27, this property provides convenient access to major employment corridors and city amenities. It's an excellent opportunity for investors seeking a low-cost, high-yield rental with built-in upside and stable cash flow.
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3BEDS
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0.18ACRES
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2BATHS
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01/2 BATHS
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1,104SQFT
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$50$/SQFT
Description
This asset is offered as part of a value-add investment portfolio of 18 properties. This 3-bedroom, 2-bath home is currently rented for $850 per month and offered at roughly 74% of market value, performing well above the 1% rule. The property has had important improvements, including a roof replacement in 2021, a new gas line, and various cosmetic updates, ensuring continued functionality and tenant satisfaction. The home is occupied by a reliable tenant and only needs minor exterior updates, making it a solid performer with room to enhance value. Located near Interstate 27, this property provides convenient access to major employment corridors and city amenities. It's an excellent opportunity for investors seeking a low-cost, high-yield rental with built-in upside and stable cash flow.
© 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: 2025-11-15T08:58:47.983.