Description
Exceptional Investment Opportunity with Future Development Potential! Don't miss this income-producing duplex situated on an expansive 12,000 sq. ft. lot offering both immediate cash flow and exciting future possibilities. Each of the two 1-bedroom, 1-bath units is currently tenant-occupied with leases in place through Spring 2027, providing stable rental income from day one. The property has been refreshed with recent interior paint and updated flooring, and appliances are included, making this a turnkey investment for your portfolio. What truly sets this property apart is its zoning, which allows for up to four residential units (buyer to verify with local planning authorities). With the potential to add two additional units, investors have an opportunity to increase rental income and maximise the property's long-term value. Ideally located within walking distance of local businesses, shopping, restaurants, gas stations, and employment centers, the property offers the convenience today's renters are looking for. Quick freeway access makes commuting simple and further enhances its rental appeal. Whether you're seeking dependable rental income today or exploring future expansion opportunities, this property offers a rare combination of cash flow, location, and development potential. Schedule your showing and discover the possibilities this exceptional investment has to offer.
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2BEDS
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0.29ACRES
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2BATHS
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01/2 BATHS
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1,056SQFT
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$109$/SQFT
School Information
Description
Exceptional Investment Opportunity with Future Development Potential! Don't miss this income-producing duplex situated on an expansive 12,000 sq. ft. lot offering both immediate cash flow and exciting future possibilities. Each of the two 1-bedroom, 1-bath units is currently tenant-occupied with leases in place through Spring 2027, providing stable rental income from day one. The property has been refreshed with recent interior paint and updated flooring, and appliances are included, making this a turnkey investment for your portfolio. What truly sets this property apart is its zoning, which allows for up to four residential units (buyer to verify with local planning authorities). With the potential to add two additional units, investors have an opportunity to increase rental income and maximise the property's long-term value. Ideally located within walking distance of local businesses, shopping, restaurants, gas stations, and employment centers, the property offers the convenience today's renters are looking for. Quick freeway access makes commuting simple and further enhances its rental appeal. Whether you're seeking dependable rental income today or exploring future expansion opportunities, this property offers a rare combination of cash flow, location, and development potential. Schedule your showing and discover the possibilities this exceptional investment has to offer.
© 2026 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: 2026-09-13T18:58:42.027.