This asset is offered as part of a value-add investment portfolio of 18 properties. This 3-bedroom, 1-bath home is a strong cash-flow performer, currently rented at $1,250 per month and offered at $80,000, operating well above the 1% rule. Priced at approximately 83% of market value, it provides both solid immediate returns and long-term appreciation potential. A new roof was installed in 2023, and the property previously underwent a full cosmetic remodel in 2021, which included new flooring, fresh paint and texture, drywall, bathroom updates, upgraded fixtures and hardware, and complete electrical rewiring. The home is occupied by a stable, reliable tenant, making it a turn-key investment opportunity. Located near Avenue Q and 82nd Street, the property sits within a well-established area offering convenient access to shopping, schools, and commuter routes—ideal for an investor seeking a low-risk, high-yield addition to their portfolio.
For sale
$80,000
6120 Avenue R, Lubbock, TX 79412
3beds
1,436sqft
Est.:
Package Property, Multi Family
Built in 1953
-- sqft lot
$-- Zestimate®
$56/sqft
$-- HOA
What's special
Fresh paintBathroom updatesNew flooringFull cosmetic remodelUpgraded fixtures and hardwareComplete electrical rewiringNew roof
- 8 days |
- 174 |
- 6 |
Likely to sell faster than
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