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Jason & Juli Wood

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

$ 115,000

Est. payment | -/mo

2 Beds

2 Baths

1,056 SqFt

Save

$ 115,000

Est. payment | -/mo

Save

2 Beds

2 Baths

1,056 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,056 sqft

Price per Sqft $108

MLS Listing ID 202610975

Style Split Level

Bedrooms 2

Full Baths 2

Year Built 1962

Annual Tax Amount $1,328

Lot Size 0.287 Acres

Acres 0.29

Property Sub-Type Duplex

Source Lubbock Association of REALTORS®

Property Description

Exceptional Investment Opportunity with Future Development Potential! Don't miss this income-producing duplex situated on an expansive 12,000 sq. ft. lot offering both immediate cash flow and exciting future possibilities. Each of the two 1-bedroom, 1-bath units is currently tenant-occupied with leases in place through Spring 2027, providing stable rental income from day one. The property has been refreshed with recent interior paint and updated flooring, and appliances are included, making this a turnkey investment for your portfolio. What truly sets this property apart is its zoning, which allows for up to four residential units (buyer to verify with local planning authorities). With the potential to add two additional units, investors have an opportunity to increase rental income and maximise the property's long-term value. Ideally located within walking distance of local businesses, shopping, restaurants, gas stations, and employment centers, the property offers the convenience today's renters are looking for. Quick freeway access makes commuting simple and further enhances its rental appeal. Whether you're seeking dependable rental income today or exploring future expansion opportunities, this property offers a rare combination of cash flow, location, and development potential. Schedule your showing and discover the possibilities this exceptional investment has to offer.

Location

State TX

County Lubbock

Area 2

Rooms

Basement Basement

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate, Plank

Appliance Gas Range, Microwave, Refrigerator

Laundry None

Exterior

Parking Features Gravel, Common

Roof Type Composition

Garage No

Building

Sewer Public Sewer

Water Public

Architectural Style Split Level

New Construction No

Schools

Elementary Schools Ervin

High Schools Estacado

Others

Tax ID R87575

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition Standard

Listed by Aycock Realty Group, LLC

Nearby Locations

GET MORE INFORMATION

Jason & Juli Wood

REALTOR® | Lic# 766049

jasonrw@kw.com

+1(806) 789-6767

4522 109th St, Lubbock, TX 79424, USA

714 29th Street Lubbock, TX 79404

Jason & Juli Wood

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

714 29th Street