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$ 149,995
Est. payment | /mo
4 Beds
2 Baths
2,430 SqFt
$ 149,995
Est. payment | /mo
4 Beds
2 Baths
2,430 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,430 sqft
Price per Sqft $61
MLS Listing ID 202608887
Bedrooms 4
Full Baths 2
Year Built 1937
Annual Tax Amount $3,979
Lot Size 10,500 Sqft
Acres 0.24
Property Sub-Type Single Family Residence
Source Lubbock Association of REALTORS®
Property Description
Investor Special with Huge Value-Add Potential! This unique property offers an incredible opportunity for investors looking to maximize cash flow and build equity. Featuring a 3-bedroom, 2-bathroom main home and a separate 1-bedroom, 1-bathroom backhouse, this property provides the flexibility for dual rental income, multigenerational living, or an owner-occupant looking to offset their mortgage with rental revenue. The front home was previously rented for $1,200 per month, while the recently renovated backhouse generates $625 per month in rental income. The lease expires on 5/31/2027. The backhouse has already received updates, providing added appeal and reducing near-term maintenance concerns. While the property could benefit from some TLC and cosmetic improvements, it presents a huge value-add opportunity for an investor to increase rents, improve equity, and unlock its full income-producing potential. Whether you're looking for your next fix-and-hold investment, a house-hacking opportunity, or a project with strong upside, this property offers excellent income potential and multiple paths to create value. Opportunities like this don't come around often--bring your vision and capitalize on the possibilities.
Location
State TX
County Lubbock
Area 2
Rooms
Basement Basement
Interior
Interior Features Ceiling Fan(s)
Heating Central, Natural Gas
Cooling Central Air, Electric
Fireplace No
Exterior
Exterior Feature None
Parking Features Driveway
Roof Type Composition
Building
Foundation Pillar/Post/Pier
New Construction No
Schools
School District Lubbock Isd
Others
Tax ID R84326
Listed by eXp Realty LLC
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