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3308 2nd Street

Lubbock, TX 79415
  • $1,400,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 202557064
UPDATED: 45 min ago
$1,400,000
  • 3
    BEDS
  • 0.15
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,088
    SQFT
  • $1,287
    $/SQFT
Neighborhood:
4
Type:
Multi-Family
Built:
1947
County:
Area:
4

School Ratings & Info

School District:

Description

Turn-key 18-Door SFR Portfolio Step into instant cash flow with this rare package of 18 single-family homes14 already leased at market rents and collectively outperforming the coveted 1 % rule. This portfolio delivers steady income today and clear upside tomorrow. Why investors like you will love it - Strong, Stable Rent: Long-term tenants in place, maintained to neighborhood standards, and managed by 32:18 Managementwho will gladly stay on for a seamless hand-off. Plug-and-Play Operation: Existing systems, leases, and rent roll mean you collect cash from Day 1. Built-in Value-Add: All homes sit in solid C-class sub markets and are in functional condition: enjoy immediate returns now, then unlock more equity with targeted upgrades as schedules and budgets allow. Balanced Risk: Spread across multiple blocks, reducing vacancy exposure while keeping management efficient. Investor-Friendly Numbers: At or above the 1 % rule, this package works for BRRRR, buy-and-hold, or 1031-exchange strategies. Seller will provide full rent roll, maintenance history, and recent improvement list upon request. Properties convey **as-is**; inspections welcome. Expand your portfolio with 18 proven performersschedule your walk-through and financial review today!

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© 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: 2025-07-11T07:58:51.99.
www.theblurealty.com/homes/165412300
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3308 2nd Street Lubbock, TX 79415

  • Price: $1,400,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 45 min ago
  • MLS #: 202557064
3
Beds
2
Baths
0
½ Baths
0.15
Acres
1,088
SQFT
$1,287
$/SQFT
1947
Built
Neighborhood:
4
County:
Lubbock
Area:
4
School District:
Lubbock Isd
Property Description
Turn-key 18-Door SFR Portfolio Step into instant cash flow with this rare package of 18 single-family homes14 already leased at market rents and collectively outperforming the coveted 1 % rule. This portfolio delivers steady income today and clear upside tomorrow. Why investors like you will love it - Strong, Stable Rent: Long-term tenants in place, maintained to neighborhood standards, and managed by 32:18 Managementwho will gladly stay on for a seamless hand-off. Plug-and-Play Operation: Existing systems, leases, and rent roll mean you collect cash from Day 1. Built-in Value-Add: All homes sit in solid C-class sub markets and are in functional condition: enjoy immediate returns now, then unlock more equity with targeted upgrades as schedules and budgets allow. Balanced Risk: Spread across multiple blocks, reducing vacancy exposure while keeping management efficient. Investor-Friendly Numbers: At or above the 1 % rule, this package works for BRRRR, buy-and-hold, or 1031-exchange strategies. Seller will provide full rent roll, maintenance history, and recent improvement list upon request. Properties convey **as-is**; inspections welcome. Expand your portfolio with 18 proven performersschedule your walk-through and financial review today!
Exterior Features

Architectural Style [] Attached Garage YN No Construction Materials Unknown Exterior Features [] Foundation Details [] Parking Features Driveway Patio And Porch Features [] Pool Features [] Roof Composition Spa Features [] Window Features []

Interior Features

Above Grade Finished Area 1088 Appliances Electric Range Basement [] Common Walls [] Cooling Central AirMulti Units Cooling YN Yes Flooring Other Heating Central Heating YN Yes Interior Features [] Laundry Features []

Property Features

Accessibility Features [] Association Amenities [] Association Fee Includes [] Community Features [] Door Features [] Fencing [] Green Energy Generation [] Listing Terms 1031 ExchangeCashConventional Lot Features [] New Construction YN No Other Equipment Call Listing Agent Other Structures [] PIDPUDNone Yes Property Attached YN No Property Condition Fixer Property Sub Type Package Property Road Frontage Type City Street Road Surface Type Paved Security Features None Sewer [] Special Listing Conditions [] Tenant Pays All Utilities Utilities [] Water Source [] Waterfront Features []

Listing provided courtesy of Felicia Estrada of Keller Williams Realty: 806-771-7710. Listing information © 2025 Lubbock Association of REALTORS® MLS.


© 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: 2025-07-11T07:58:51.99.
 
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Blu Realty | Better Homes and Gardens Real Estate
5602 114th Street
Lubbock TX, 79424