7-Unit Townhome Investment | South Lubbock | Fully Occupied Exceptional opportunity to acquire a fully occupied 7-unit townhome complex in desirable South Lubbock. Located within Lubbock ISD, this property benefits from a favorable property tax rate while maintaining strong tenant demand. Each unit offers: 2 Bedrooms 2 Bathrooms 2-Car Garage 1,415 SF per unit The property has been long-term owned and professionally managed by Location Rentals, reflecting consistent oversight and operational stability. All utilities are separately metered, minimizing landlord expense exposure. The only common area expense is front lawn and tree maintenance, creating a streamlined expense structure. Major capital improvements include a roof replacement approximately five years ago. This asset presents clear value-add potential through cosmetic enhancements and rental rate optimization, offering investors the opportunity to increase revenue while maintaining a strong occupancy history. A stable income-producing asset with upside in a consistently performing South Lubbock location.
Property Features
Utilities
Natural Gas Available
Cable Connected
Electricity Connected
Natural Gas Connected
Sewer Connected
Water Connected
Heating Information
Central
Ceiling
Fireplace(s)
Natural Gas
Parking
Driveway
Garage
Paved
Private
Cooling Information
Central Air
Ceiling Fan(s)
Electric
Water Features
Public
School Information
School Information for 3102-3114 75th Street, Lubbock, TX 79423
Elementary School
Waters
Middle School
Evans
High School
Monterey
Listing Courtesy: Williams & Company Real Estate - 806-860-6945