$269,500
bedrooms
3
bathrooms
2
square feet
2,287
Acreage
0.15
Open Houses
-
year built
1931
Full Baths
2
Half Baths
0
Location, Location, Location: Being situated in the TTU and the Medical District places these properties in a high-demand rental market. Proximity to Texas Tech University and the medical facilities ensures a consistent pool of potential tenants or property can be sold separately perfect for first-time buyers looking for a place to call home with instant monthly income ($925) from (2) rear apartment rentals. Main house 1423 SF Rear Apartment - 432 SF Upper Rear Apartment - 432 SF.
Fully Leased: Immediate cash flow is a major plus. No need to worry about vacancies and lease-up periods. The properties are already generating income from day one.
Well-Maintained and Updated: Classic Charm: Original hardwood flooring, adding warmth and character; updated aesthetic and manageable size. The property(s) are in good condition, potentially reducing future maintenance costs and attracting higher-quality tenants.
Discounted Price: The 2.5% discount for a portfolio purchase of all 7 properties (2312 15th Street, 3815 25th Street, 4117 33rd Street, 2708 24th Street, 2207 23nd Street, 1924 21st Street, and 4118 30th Street sold individually at $1,479,500.00) represents a substantial saving, effectively lowering the overall investment cost. Let's delve a little deeper into the numbers: Gross Potential Rent: The current monthly lease revenue of $12,355 translates to an annual potential rent of $148,260. Discounted Purchase Price: Taking advantage of the 2.5% ($37K) discount reduces the total package price $1,439,500.00. Bring Offers! Potential Return: While we don't have all the expense information, these figures allow you to calculate a preliminary gross rental yield, which can help assess the potential return on investment.
Location | |
Subdivision | - |
County | Lubbock |
Elementary School | Ramirez Charter School |
Middle School | Hutchinson |
High School | Lubbock |
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 202550351
Listing agent:
Dianna Romans
Listing broker:
Keller Williams Realty
(806) 771-7710
Copyright © 2025 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
[source]
Last update: Tuesday, April 22 2025 at 2:47 p.m. EDT
Kotohomes National
Other listings you might be interested in
$275,000
3 Bed •
2 Bath •
2,236 ft²
2618 31st Street
Lubbock, TX 79410
$269,900
3 Bed •
2 Bath •
2,310 ft²
3601 47th Street
Lubbock, TX 79413
$269,000
3 Bed •
2 Bath •
2,256 ft²
3404 59th Street
Lubbock, TX 79413
$254,950
3 Bed •
2 Bath •
2,305 ft²
8512 Louisville Drive
Lubbock, TX 79423
$260,000
3 Bed •
2 Bath •
2,385 ft²
5402 14th Street
Lubbock, TX 79416
$275,000
3 Bed •
2 Bath •
2,122 ft²
4426 77th Street
Lubbock, TX 79424
$252,500
3 Bed •
2 Bath •
2,207 ft²
2818 67th Street
Lubbock, TX 79413
$275,000
3 Bed •
2 Bath •
2,090 ft²
3612 55th Street
Lubbock, TX 79413
$285,000
3 Bed •
2 Bath •
2,128 ft²
3708 69th Street
Lubbock, TX 79413
$299,950
3 Bed •
2 Bath •
2,270 ft²
5202 20th
Lubbock, TX 79407
$239,000
3 Bed •
2 Bath •
2,318 ft²
2104 53rd Street
Lubbock, TX 79412
$289,750
3 Bed •
2 Bath •
2,424 ft²
4831 10th Street
Lubbock, TX 79416