2609 Avenue K, Lubbock, TX 79411

This asset is offered as part of a value-add investment portfolio of 18 properties. As part of this investment portfolio, this 2-bed / 1-bath home is priced attractively at approximately 75% of market value. The property is currently leased for $525/month, which is above the 1 % rule relative to purchase price. A new roof was installed in 2021, minimizing near-term capital needs, and the tenant has a strong track record of timely payments and expresses a desire to stay long-term. Located along the Avenue K corridor, this property benefits from access to central Lubbock, transit routes, and nearby amenities. This is an ideal acquisition for a hands-off investor seeking a low-risk, cash-flowing asset with built-in upside in your portfolio.