This asset is offered as part of a value-add investment portfolio of 18 properties and offers a stable cashflow foundation with upside potential. It is a 2-bed, 1-bath house currently rented for $650/month, with a tenant who reliably pays on time. The property was recently improved by the current owner (roof replaced in 2021), and several minor updates have kept it functional and rentable. With further enhancements (cosmetics, finishes, systems), there's clear room to boost rent and value. Located in the Bayless-Atkins / Vandelia Village area of south Lubbock, this neighborhood features mid-century ranch homes, mature landscaping, local parks, and access to established schools (Bayless Elementary, Atkins Middle, Monterey High). This is a strong "core + upside" acquisition in the portfolio — low vacancy risk today, with value-add potential for tomorrow.
Property Features
Cooling Information
Central Air
Ceiling Fan(s)
Heating Information
Central
Parking
Driveway
School Information
School Information for 2005 61st Street, Lubbock, TX 79412
Elementary School
Bayless
Middle School
Atkins
High School
Monterey
Listing Courtesy: Keller Williams Realty - 806-771-7710