614 39th St, Lubbock, TX 79404

This asset is offered as part of a value-add investment portfolio of 18 properties. This 3-bedroom, 1-bath home is currently vacant but was previously rented for $800 per month, offering a strong return potential at approximately 75% of market value. The property received basic cosmetic updates in 2021 and a new roof in 2023, positioning it for quick stabilization and reliable future income. With minimal additional improvements, the home could easily qualify for Section 8 tenancy, providing the opportunity for higher and more stable rents. Even at current rent estimates, it performs well for its price point, making it a flexible choice for investors seeking a mix of affordability, cash flow potential, and manageable value-add opportunity within the Lubbock market.