Description
This asset is offered as part of a value-add investment portfolio of 18 properties. This 3-bedroom, 1-bath home is a strong cash-flow performer, currently rented at $1,250 per month and offered at $80,000, operating well above the 1% rule. Priced at approximately 83% of market value, it provides both solid immediate returns and long-term appreciation potential. A new roof was installed in 2023, and the property previously underwent a full cosmetic remodel in 2021, which included new flooring, fresh paint and texture, drywall, bathroom updates, upgraded fixtures and hardware, and complete electrical rewiring. The home is occupied by a stable, reliable tenant, making it a turn-key investment opportunity. Located near Avenue Q and 82nd Street, the property sits within a well-established area offering convenient access to shopping, schools, and commuter routesideal for an investor seeking a low-risk, high-yield addition to their portfolio.
-
3BEDS
-
0.18ACRES
-
1BATHS
-
01/2 BATHS
-
1,436SQFT
-
$56$/SQFT
Description
This asset is offered as part of a value-add investment portfolio of 18 properties. This 3-bedroom, 1-bath home is a strong cash-flow performer, currently rented at $1,250 per month and offered at $80,000, operating well above the 1% rule. Priced at approximately 83% of market value, it provides both solid immediate returns and long-term appreciation potential. A new roof was installed in 2023, and the property previously underwent a full cosmetic remodel in 2021, which included new flooring, fresh paint and texture, drywall, bathroom updates, upgraded fixtures and hardware, and complete electrical rewiring. The home is occupied by a stable, reliable tenant, making it a turn-key investment opportunity. Located near Avenue Q and 82nd Street, the property sits within a well-established area offering convenient access to shopping, schools, and commuter routesideal for an investor seeking a low-risk, high-yield addition to their portfolio.
© 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: 2025-11-10T09:58:47.943.