706 29th 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 tenant-occupied by a long-term renter who wishes to stay, providing immediate stability and reliable income. Priced at approximately 74% of market value with an estimated rent of $750 per month, it maintains performance in line with the 1% rule. The property has undergone prior cosmetic updates, including new interior paint, kitchen cabinets, sink, flooring, bedroom doors, and a new gas line, ensuring continued functionality and tenant satisfaction. While it may benefit from minor bathroom updates, it remains in solid, rentable condition and represents a dependable cash-flowing asset with potential for incremental improvements to boost long-term value.