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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. 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 (1924 21st Street, 3815 25th Street, 4117 33rd Street, 2708 24th Street, 2207 23nd Street, 4118 30th Street and 2312 15th Street sold individually at $1,476,500.00) 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% discount reduces the total purchase price to $1,439,500.00 ($37K Savings). Bring all 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.
| DAYS ON MARKET | 69 | LAST UPDATED | 3/11/2025 |
|---|---|---|---|
| YEAR BUILT | 1929 | COMMUNITY | 2 |
| COUNTY | Lubbock | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Dupre |
|---|---|
| Jr. High School | Slaton |
| High School | Monterey |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 2 |
| CONSTRUCTION | Wood Siding |
| EXTERIOR | None |
| HEAT | Central, Natural Gas |
| INTERIOR | Ceiling Fan(s) |
| LOT | 6970 sq ft |
| LOT DESCRIPTION | Corner Lot |
| PARKING | Off Street |
| TAXES | 435 |
| ZONING | Single Family |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Keller Williams Realty
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2025.
