This asset is offered as part of a value-add investment portfolio of 18 properties and offers a stable cashflow foundation with upside potential. It is a 2-bed, 1-bath house currently rented for $650/month, with a tenant who reliably pays on time. The property was recently improved by the current owner (roof replaced in 2021), and several minor updates have kept it functional and rentable. With further enhancements (cosmetics, finishes, systems), there's clear room to boost rent and value. Located in the Bayless-Atkins / Vandelia Village area of south Lubbock, this neighborhood features mid-century ranch homes, mature landscaping, local parks, and access to established schools (Bayless Elementary, Atkins Middle, Monterey High). This is a strong "core + upside" acquisition in the portfolio — low vacancy risk today, with value-add potential for tomorrow.
For sale
$75,997
2005 61st St, Lubbock, TX 79412
2beds
1,198sqft
Est.:
Package Property, Multi Family
Built in 1950
-- sqft lot
$-- Zestimate®
$63/sqft
$-- HOA
What's special
Local parksMid-century ranch homesMature landscaping
- 8 days |
- 90 |
- 1 |
- Loading
- Loading