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5315 I-27 Frontage Road, Lubbock, TX 79404

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For Sale

$55,500

3 beds • 2 baths • 1,104 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

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

  • $50.27
    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. This 3-bedroom, 2-bath home is currently rented for $850 per month and offered at roughly 74% of market value, performing well above the 1% rule. The property has had important improvements, including a roof replacement in 2021, a new gas line, and various cosmetic updates, ensuring continued functionality and tenant satisfaction. The home is occupied by a reliable tenant and only needs minor exterior updates, making it a solid performer with room to enhance value. Located near Interstate 27, this property provides convenient access to major employment corridors and city amenities. It's an excellent opportunity for investors seeking a low-cost, high-yield rental with built-in upside and stable cash flow.
MLS# 202561972

Courtesy Of Keller Williams Realty

(806) 771-7710

Property Features

  • Age
    Over 50 Years Old
  • Lot Size
    0.18 Acres

Map and Directions

Directions to 5315 I-27 Frontage Road, Lubbock, TX 79404

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
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

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.