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For sale
  • $1,400,000

    3308 2nd St, Lubbock, TX 79415

    3beds
    1,088sqft
    : 
    Package Property, Multi Family
    Built in 1947
    -- sqft lot
    $-- Zestimate®
    $1,287/sqft
    $-- HOA

    What's special

    Turn-key 18-Door SFR Portfolio Step into instant cash flow with this rare package of 18 single-family homes—14 already leased at market rents and collectively outperforming the coveted 1 % rule. This portfolio delivers steady income today and clear upside tomorrow. Why investors like you will love it - Strong, Stable Rent: Long-term tenants in place, maintained to neighborhood standards, and managed by 32:18 Management—who will gladly stay on for a seamless hand-off. Plug-and-Play Operation: Existing systems, leases, and rent roll mean you collect cash from Day 1. Built-in Value-Add: All homes sit in solid C-class sub markets and are in functional condition: enjoy immediate returns now, then unlock more equity with targeted upgrades as schedules and budgets allow. Balanced Risk: Spread across multiple blocks, reducing vacancy exposure while keeping management efficient. Investor-Friendly Numbers: At or above the 1 % rule, this package works for BRRRR, buy-and-hold, or 1031-exchange strategies. Seller will provide full rent roll, maintenance history, and recent improvement list upon request. Properties convey **as-is**; inspections welcome. Expand your portfolio with 18 proven performers—schedule your walk-through and financial review today!
    40 days
    on Zillow
    |
    181
    |
    6
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 30, 2025 at 11:01am

    Listed by:

    Felicia Estrada TREC #0673783 210-274-1825,

    Keller Williams Realty

    Source: LBMLS,MLS#: 202557064MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 3308 2nd St.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Central
    Cooling
    • Central Air, Multi Units
    Appliances
    • Included: Electric Range
    Features
    • Flooring: Other
    Interior area
    • Total structure area: 1,088
    • Total interior livable area: 1,088 sqft
    • Finished area above ground: 1,088

    Property

    Parking
    • Parking features: Driveway
    • Has uncovered spaces: Yes
    Lot
    • Size: 6,534 Square Feet
    Details
    • Parcel number: R30509
    • Other equipment: Call Listing Agent

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Package Property, Multi Family
    Materials
    • Unknown
    • Roof: Composition
    Condition
    • Fixer
    • New construction: No
    • Year built: 1947

    Community & HOA

    Community
    • Security: None
    Location
    • Region: Lubbock

    Financial & listing details

    • Price per square foot: $1,287/sqft
    • Tax assessed value: $17,949
    • Annual tax amount: $284
    • Date on market: 6/30/2025
    • Listing terms: 1031 Exchange,Cash,Conventional
    • Tenant pays: All Utilities
    • Road surface type: Paved
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