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2609 Avenue K, Lubbock, TX 79411

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For Sale

$45,750

2 beds1 baths694 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $65.92
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This asset is offered as part of a value-add investment portfolio of 18 properties. As part of this investment portfolio, this 2-bed / 1-bath home is priced attractively at approximately 75% of market value. The property is currently leased for $525/month, which is above the 1 % rule relative to purchase price. A new roof was installed in 2021, minimizing near-term capital needs, and the tenant has a strong track record of timely payments and expresses a desire to stay long-term. Located along the Avenue K corridor, this property benefits from access to central Lubbock, transit routes, and nearby amenities. This is an ideal acquisition for a hands-off investor seeking a low-risk, cash-flowing asset with built-in upside in your portfolio.
MLS# 202561966

Courtesy Of Keller Williams Realty

(806) 771-7710

Property Features

  • Age
    Over 50 Years Old
  • Lot Size
    0.09 Acres

Map and Directions

Directions to 2609 Avenue K, Lubbock, TX 79411
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Home seller CENTURY 21 Kearney & Associates

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Kearney & Associates

(806) 783-0020
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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  • HOA Dues
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  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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