Investment Gem: High Return Potential with Built-In Income!

Lubbock County, Lubbock, TX, 79407
Sold
Listed at: August 7th, 2024
Price
$63,000
ARV
$150,000
Gross Margin
$87,000
Sq. Footage
1118
Type
Single-Family
Parking
Driveway
Year build
1947
Lot size
0.33 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

Investment Gem: High Return Potential with Built-In Income!

 

Property Overview:

- Size: 1,118 sqft

- Bedrooms/Bathrooms: 2/1

- Asking Price: $63,000

 

Investment Breakdown:

- Rehab Costs: $45,000

- After Repair Value (ARV): $150,000

- Total Investment: $108,000

 

Property Condition:

- Roof: 10 years old (good condition)

- Plumbing & Electric: Fully functional

- Foundation: Level

- Bonus: Tenant-occupied efficiency unit in the back, currently generating $300/month in rental income

 

This property is an excellent opportunity for investors seeking a high return on investment. With a strong foundation, updated systems, and additional rental income, it’s a prime candidate for substantial profit. Don’t miss out—contact us today to seize this investment opportunity!

 

Please Call or Text Jess at (832)543-3772

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Jessenia Molinares

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Disposition manager