Description
This asset is offered as part of a value-add investment portfolio of 18 properties. This 2-bedroom, 1-bath home is a strong cash-flow performer offered at approximately 74% of market value. The property is currently rented for $1,000 per month through a state-funded program, providing guaranteed income, and is structured as an all-bills-paid rentalstill operating well above the 1% rule. Recent updates add significant long-term value, including a new roof installed in 2023, a complete electrical upgrade, a new sewer line, and fresh cosmetic improvements. With essential systems already modernized and reliable rent in place, this home represents a low-maintenance, high-yield investment opportunity within the growing Lubbock market.
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2BEDS
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0.15ACRES
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1BATHS
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01/2 BATHS
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696SQFT
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$76$/SQFT
Description
This asset is offered as part of a value-add investment portfolio of 18 properties. This 2-bedroom, 1-bath home is a strong cash-flow performer offered at approximately 74% of market value. The property is currently rented for $1,000 per month through a state-funded program, providing guaranteed income, and is structured as an all-bills-paid rentalstill operating well above the 1% rule. Recent updates add significant long-term value, including a new roof installed in 2023, a complete electrical upgrade, a new sewer line, and fresh cosmetic improvements. With essential systems already modernized and reliable rent in place, this home represents a low-maintenance, high-yield investment opportunity within the growing Lubbock market.
© 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: 2025-11-08T23:58:43.727.