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$ 215,000
Est. payment | /mo
4 Beds
2 Baths
2,430 SqFt
$ 215,000
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 $88
MLS Listing ID 202562785
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
This unique property features a 3-bedroom, 2-bathroom main home along with a separate 1-bedroom, 1-bathroom backhouse, offering the perfect opportunity to maximize rental income with two fully leased units. The front house is currently rented for $1,200 per month, while the recently renovated backhouse brings in $595 per month, for a combined monthly income of $1,795. Both units are in excellent condition and occupied by long-term, reliable tenants, providing immediate and stable cash flow from day one. The recent renovation of the backhouse adds modern appeal and reduces future maintenance costs, while the spacious main home continues to attract quality tenants. Whether you are a seasoned investor or just starting to build your portfolio, this turnkey property offers consistent income and strong long-term potential in the Lubbock market.
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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Edie West
Broker Associate | License ID: 655521