This asset is offered as part of a value-add investment portfolio of 18 properties. This 4-bed, 2-bath brick home offers 1,660 sq ft of living space and combines strong maintenance history with clear value-add potential. A new roof was installed in June 2023, and prior to that the property received significant plumbing and bathroom updates, including a complete replacement of the drain line. Mini-split systems were added throughout the home to improve energy efficiency and reduce utility costs for the tenant. The property is well-kept and occupied by a steady tenant currently paying $695 per month, which is below market rents for the area, presenting an immediate opportunity for future rent growth. Offered at approximately 74% of market value, this home is located in the Parkway-Cherry Point neighborhood of northeast Lubbock—a well-established community near Mackenzie Park and within convenient access to city amenities. This is a solid, income-producing property with built-in equity and clear upside for investors.
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Listing Courtesy: Keller Williams Realty - 806-771-7710