This asset is offered as part of a value-add investment portfolio of 18 properties. As part of this investment portfolio, this 2-bed / 1-bath home is priced attractively at approximately 75% of market value. The property is currently leased for $525/month, which is above the 1 % rule relative to purchase price. A new roof was installed in 2021, minimizing near-term capital needs, and the tenant has a strong track record of timely payments and expresses a desire to stay long-term. Located along the Avenue K corridor, this property benefits from access to central Lubbock, transit routes, and nearby amenities. This is an ideal acquisition for a hands-off investor seeking a low-risk, cash-flowing asset with built-in upside in your portfolio.
Property Features
Cooling Information
Central Air
Heating Information
Central
Parking
Driveway
School Information
School Information for 2609 Avenue K, Lubbock, TX 79411
Elementary School
Bean
Middle School
Dunbar College Preparatory Academy
High School
Estacado
Listing Courtesy: Keller Williams Realty - 806-771-7710