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Jason & Juli Wood

jasonrw@kw.com +1(806) 789-6767

$ 80,000

Est. payment | -/mo

4 Beds

1 Bath

1,198 SqFt

Save

$ 80,000

Est. payment | -/mo

Save

4 Beds

1 Bath

1,198 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,198 sqft

Price per Sqft $66

MLS Listing ID 202605980

Bedrooms 4

Full Baths 1

Year Built 1950

Annual Tax Amount $1,187

Lot Size 7,830 Sqft

Acres 0.18

Property Sub-Type Single Family Residence

Source Lubbock Association of REALTORS®

Property Description

Welcome to 2005 61st St — a great opportunity whether you're looking for your next home or a strong addition to your investment portfolio. This property has been recently updated by the seller and is currently finishing up a make-ready, putting it in a position to be rent-ready or move-in ready very soon. With a projected market rent of approximately $1,100/month, it offers solid income potential in an area with consistent demand. What truly makes this property stand out is the pricing—offered at approximately 31% below its market value, giving buyers the chance to step into immediate equity and long-term upside. For investors, this is a clean, low-hassle opportunity to place a tenant quickly and start generating returns. For owner-occupants, it's a chance to own a home with updates already completed—without paying full market price. Whether you're looking for cash flow, equity, or a place to call home, this property offers a strong combination of value, flexibility, and opportunity.

Location

State TX

County Lubbock

Area 2

Rooms

Basement Basement

Interior

Interior Features Other

Heating Central

Cooling Ceiling Fan(s), Central Air

Flooring Other

Fireplace No

Appliance None, Other

Exterior

Exterior Feature None, Other

Parking Features Driveway

Roof Type Composition

Building

Foundation Slab

New Construction No

Schools

Elementary Schools Bayless

Middle Schools Atkins

High Schools Monterey

School District Lubbock Isd

Others

Tax ID R125322

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Listed by Keller Williams Realty

Nearby Locations

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Jason & Juli Wood

REALTOR® | Lic# 766049

jasonrw@kw.com

+1(806) 789-6767

4522 109th St, Lubbock, TX, 79424, USA

2005 61st Street Lubbock, TX 79412

Jason & Juli Wood

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

2005 61st Street