TX
Lubbock
Lubbock
79404
402 39th Street
402 39th Street, Lubbock, TX 79404
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Listing Type
Multi Family
Listing Status
active
11
$61,500

Home Details for 402 39th Street

Price
$61,500
Type
Residential Income
Bedrooms
3
Bathrooms
1.0
Square feet
950
Year built
1950
Lot size acres
0.1521
County
Lubbock
Garage
Days on site
33
MLS Listing#
202561970
Property Description

This asset is offered as part of a value-add investment portfolio of 18 properties. This 3-bedroom, 1-bath home is offered at approximately 75% of market value and comes with a steady, reliable tenant paying $1,000/month through a state-funded program—providing guaranteed rent income. The lease includes all utilities, making this an "all-bills-paid" property; even with that extra cost, the yield remains well above the 1 % rule. The owner has invested heavily—over $12,000—in cosmetic upgrades, new mini-split HVAC units, and a new roof. This property delivers security, ease of management, and a stable return with upside potential in rent structuring or future lease adjustments.

Property Features
  • Heating Information
    • Other
    • See Remarks
  • Cooling Information
    • Multi Units
  • Parking
    • Driveway
Listing Courtesy: Keller Williams Realty - 806-771-7710
Presented by: Felicia Estrada
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Lubbock Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than {{BROKERAGE}}, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2025 Lubbock Association of REALTORS®. All Rights Reserved.
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EXIT REALTY OF LUBBOCK
2405 W. Loop 289 Suite 100, Lubbock, TX 79407
Dan Schwertner
Sales Representative
Office
806 771 3900
Agent
575 302 4462
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