1621 Avenue Y, Lubbock, TX 79401

$270,000
: 5
BD
: 4
BA
: 2,067
SqFt

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List Price: $270,000
MLS#: 202612317
Status: ACTIVE
Year Built: 1927
Type: Multifamily
Bedrooms: 5
Bathrooms: 4
Living Area: 2,067
Lot Size: 6,199
County: Lubbock
City: Lubbock
Legal Description: Hankins Blk 1 L 11

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Property Description

SHORT SALE - Property is being sold AS-IS and all offers are subject to lender approval. Unique investment opportunity near Texas Tech featuring three separate dwellings on one property! Located approximately a 20-minute walk from Jones AT&T Stadium, the property includes a 3-bedroom, 2-bath main home that has been operating as an Airbnb, plus two 1-bedroom, 1-bath efficiency units. The efficiency units are currently occupied and generate a combined rental income of $1,137 per month. Due to tenant occupancy, the efficiency units will not be available for showings until the property is under contract. With multiple existing income streams and close proximity to Texas Tech, this property offers an opportunity for investors looking to add to their rental portfolio. Buyer to verify all property information, rental information, restrictions, and short-term rental requirements.

(806) 450-0545

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Additional Information

Taxes: $3,199
Heating: Central, Natural Gas
Cooling: Central Air, Electric
Foundation: Slab
School District: Lubbock ISD
Elementary School: Ramirez Charter School
Middle School: Hutchinson
High School: Lubbock