Description
This asset is offered as part of a value-add investment portfolio of 18 properties. This 3-bedroom, 1-bath home is currently tenant-occupied by a long-term renter who wishes to stay, providing immediate stability and reliable income. Priced at approximately 74% of market value with an estimated rent of $750 per month, it maintains performance in line with the 1% rule. The property has undergone prior cosmetic updates, including new interior paint, kitchen cabinets, sink, flooring, bedroom doors, and a new gas line, ensuring continued functionality and tenant satisfaction. While it may benefit from minor bathroom updates, it remains in solid, rentable condition and represents a dependable cash-flowing asset with potential for incremental improvements to boost long-term value.
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3BEDS
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0.14ACRES
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1BATHS
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01/2 BATHS
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1,164SQFT
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$68$/SQFT
Description
This asset is offered as part of a value-add investment portfolio of 18 properties. This 3-bedroom, 1-bath home is currently tenant-occupied by a long-term renter who wishes to stay, providing immediate stability and reliable income. Priced at approximately 74% of market value with an estimated rent of $750 per month, it maintains performance in line with the 1% rule. The property has undergone prior cosmetic updates, including new interior paint, kitchen cabinets, sink, flooring, bedroom doors, and a new gas line, ensuring continued functionality and tenant satisfaction. While it may benefit from minor bathroom updates, it remains in solid, rentable condition and represents a dependable cash-flowing asset with potential for incremental improvements to boost long-term value.
© 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: 2025-11-06T18:58:47.48.