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308 S 11th Street, Slaton, TX 79364

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For Sale

$89,000

3 beds • 2 baths • 1,049 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $84.84
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This is the kind of investment opportunity that checks every box: strong cash flow, future upside, and a turnkey tenant in place. Located on a spacious corner lot in Slaton, TX, this 3-bedroom, 2-bath property currently exceeds the sought-after 1% rule. A 2-year lease is in place, providing immediate, reliable rental income with no downtime. The home is currently occupied as a single-family residence, but savvy investors will appreciate the value-add potential. With minimal modifications, the layout could be reconfigured to create two separate units. The front portion of the home would serve as a comfortable 2-bedroom residence, that accounts for the listed 1049 sq ft. The attached rear unit-offering an additional 650 sq ft-could function as an efficiency apartment, complete with its own kitchenette, private bathroom, and shared laundry access. This flexible configuration offers the ability to maximize rent and cater to a broader tenant base. Whether you're building your portfolio or looking for a solid addition with immediate returns and long-term potential, this well-positioned corner property is an ideal pick. Reach out today for income details and to schedule a private tour.
MLS# 202557098

Courtesy Of Lubbock Select Realty

(806) 696-7700

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Porch
  • Architecture Style
    Other
  • Exterior Type
    Stucco
  • Floor Covering
    Vinyl, Hardwood
  • Lot Size
    0.16 Acres

Map and Directions

Directions to 308 S 11th Street, Slaton, TX 79364

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

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Monthly Payment Breakdown

  • Principle and Interest
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  • Hazard Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.