Description
This asset is offered as part of a value-add investment portfolio of 18 properties. This 3-bedroom, 1-bath home is currently vacant but was previously rented for $800 per month, offering a strong return potential at approximately 75% of market value. The property received basic cosmetic updates in 2021 and a new roof in 2023, positioning it for quick stabilization and reliable future income. With minimal additional improvements, the home could easily qualify for Section 8 tenancy, providing the opportunity for higher and more stable rents. Even at current rent estimates, it performs well for its price point, making it a flexible choice for investors seeking a mix of affordability, cash flow potential, and manageable value-add opportunity within the Lubbock market.
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3BEDS
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0.17ACRES
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1BATHS
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01/2 BATHS
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1,045SQFT
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$60$/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 vacant but was previously rented for $800 per month, offering a strong return potential at approximately 75% of market value. The property received basic cosmetic updates in 2021 and a new roof in 2023, positioning it for quick stabilization and reliable future income. With minimal additional improvements, the home could easily qualify for Section 8 tenancy, providing the opportunity for higher and more stable rents. Even at current rent estimates, it performs well for its price point, making it a flexible choice for investors seeking a mix of affordability, cash flow potential, and manageable value-add opportunity within the 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.