Property Attributes
- MLS#202608887
- TypeSingle Family
- Listing Status Active
- CountyLUBBOCK
- CityLubbock
- Area2
- Neighborhood201
- Zip79411
- StyleSingle Family Residence
- Year Built1937
- Taxes$ 3979
- Price$ 149,995
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2430
- Lot Size0.24 Acres
Data Source:
Lubbock MLS (LARMLS)
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.
| Price History | |
|---|---|
| 6/29/2026 | Listed $149,995 |
General Features
| Heating | Central,Natural Gas |
|---|---|
| Cooling | Central Air,Electric |
| Roof | Composition |
| Security Features | None |
| Construction Materials | Vinyl Siding |
| Year Built | 1937 |
| Property Subtype | Single Family Residence |
| County | Lubbock |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Attached Garage | No |
| Garage Y/N | No |
| Full Baths | 2 |
| Status | Active |
| City | Lubbock |
| Senior Community Y/N | No |
| High School District | Lubbock ISD |
| MLS Area | 2 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 10500.0 |
| Carport Y/N | No |
| Property Attached Y/N | No |
| Tax Annual Amount | 3979.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| MLS Area Minor | 2 |
| Additional Parcels Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Active |
| Occupancy Type | Vacant |
| MobileHomeRemainsYN | No |
| Legal Description | PARKLAND PL BLK 21 L 18 & E/2 OF 17 |
| Heating_co_Central | True |
Interior Features
| Interior Amenities | Ceiling Fan(s) |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Above Grade Finished Area | 2430.0 |
| Total Bedrooms | 4 |
| LivingAreaSource | Public Records |
| Above Grade Finished Area Source | Public Records |
| Total Baths | 2 |
Exterior Features
| Exterior Amenities | None |
|---|---|
| Parking Features | Driveway |
| Lot Size Area | 0.24 |
| Foundation Details | Pillar/Post/Pier |
| Spa | No |
| Building Area Total | 2430.0 |
| Lot Size Acres | 0.24 |
| Road Surface Type | All Weather |
| Lot Size Source | Public Records |
| Waterfront Y/N | No |
| Horse Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool