1914 25th Street, Lubbock, TX 79411

$149,995
4
BD
2
BA
2,430
SqFt

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List Price
$149,995
MLS#
202608887
Status
ACTIVE
Year Built
1937
Type
Single Family Residential
Bedrooms
4
Bathrooms
2
Living Area
2,430
Lot Size
10,500
County
Lubbock
City
Lubbock
Legal Description
PARKLAND PL BLK 21 L 18 & E/2 OF 17

Property Description

Investor Special with Huge Value-Add Potential! This unique property offers an incredible opportunity for investors looking to maximize cash flow and build equity. Featuring a 3-bedroom, 2-bathroom main home and a separate 1-bedroom, 1-bathroom backhouse, this property provides the flexibility for dual rental income, multigenerational living, or an owner-occupant looking to offset their mortgage with rental revenue. The front home was previously rented for $1,200 per month, while the recently renovated backhouse generates $625 per month in rental income. The lease expires on 5/31/2027. The backhouse has already received updates, providing added appeal and reducing near-term maintenance concerns. While the property could benefit from some TLC and cosmetic improvements, it presents a huge value-add opportunity for an investor to increase rents, improve equity, and unlock its full income-producing potential. Whether you're looking for your next fix-and-hold investment, a house-hacking opportunity, or a project with strong upside, this property offers excellent income potential and multiple paths to create value. Opportunities like this don't come around often--bring your vision and capitalize on the possibilities.

Additional Information

Taxes
$3,979
Heating
Central, Natural Gas
Cooling
Central Air, Electric
Foundation
Pillar/Post/Pier
School District
Lubbock ISD

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Calculator source: Real Geeks

Listing courtesy of eXp Realty LLC.