Looking for an investment property that exceeds the 1% rule? $1650 in monthly rental income!?! Recently updated 2 bedroom, 1 bath front house with central heat & air! Front house is leased for $1100 until Dec 2024.There is also a back house efficiency or mother in law suite currently leased for $550 until Dec 2024. Property can be sold with other properties (4907 38th St, 2304 31st St, 2511 40th St, 2018 39th St, and more upon request) as a package deal.
Sold on 04/10/24
Price Unknown
2511 40th St, Lubbock, TX 79413
2beds
860sqft
Single Family Residence, Residential
Built in 1951
7,405.2 Square Feet Lot
$97,800 Zestimate®
$--/sqft
$934 Estimated rent
Home value
$97,800
$88,000 - $108,000
$934/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 31, 2025 at 01:11pm
Listed by:
Keta West Everett TREC #0685647 806-549-7915,
West Real Estate Group PLLC
Bought with:
Jeremias Torres, TREC #0668726
Lubbock Discount Realty
Source: LBMLS,MLS#: 202402971
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central, Natural Gas
Cooling
- Central Air, Electric
Features
- Ceiling Fan(s)
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 860
- Total interior livable area: 860 sqft
- Finished area above ground: 860
Property
Parking
- Parking features: Off Street
Features
- Patio & porch: Patio
- Fencing: Fenced
Lot
- Size: 7,405 sqft
Details
- Parcel number: R78786
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Stucco, Wood Siding
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- New construction: No
- Year built: 1951
Community & neighborhood
Location
- Region: Lubbock
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/10/2024 | Sold | -- |
Source:  LBMLS #202402971 | ||
| 3/13/2024 | Pending sale | $99,000$115/sqft |
Source: LBMLS #202402971 | ||
| 3/11/2024 | Listed for sale | $99,000$115/sqft |
Source: LBMLS #202402971 | ||
| 3/4/2024 | Pending sale | $99,000$115/sqft |
Source: LBMLS #202402971 | ||
| 2/29/2024 | Listed for sale | $99,000-23.8%$115/sqft |
Source: LBMLS #202402971 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $93,385 -5% |
| 2024 | $1,785 -6.1% | $98,300 -3.8% |
| 2023 | $1,900 +11.1% | $102,233 +21% |
Find assessor info on the county website
Neighborhood: Wheelock & Monterey
Nearby schools
GreatSchools rating
- 4/10Wheelock Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 2/10Slaton Middle SchoolGrades: 6-8Distance: 1.2 mi
- 4/10Monterey High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Wheelock
- Middle: Hutchinson
- High: Monterey
Source: LBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.