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This asset is offered as part of a value-add investment portfolio of 18 properties. This 2-bedroom, 1-bath home is a strong cash-flow performer offered at approximately 74% of market value. The property is currently rented for $1,000 per month through a state-funded program, providing guaranteed income, and is structured as an all-bills-paid rental—still operating well above the 1% rule.  Recent updates add significant long-term value, including a new roof installed in 2023, a complete electrical upgrade, a new sewer line, and fresh cosmetic improvements. With essential systems already modernized and reliable rent in place, this home represents a low-maintenance, high-yield investment opportunity within the growing Lubbock market.

Harwell

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523 39th St, Lubbock, TX 79404

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