About This Home
Built in 1949, this residential multifamily property at 206 Avenue S in Lubbock, Texas, includes two rent-producing homes on a 0.14-acre lot. Together, the homes provide three bedrooms and two bathrooms across 1,132 square feet. The front house is a two-bedroom, one-bath residence with a Section 8 tenant paying $963 per month.
The back house is a one-bedroom, one-bath unit that can rent for $600 per month. Interior features include Formica counters. Cooling is provided by wall/window and window units, while heating is supplied by a wall furnace. Located near Texas Tech University, the property offers a two-unit layout with existing rental income and additional rental potential. The list price is $124,980.
Key Features
- Built in 1949
- 0.14 acre lot
Property Details
Amenities
Great Investment opportunity near Texas Tech University. This property has 2 rent producing homes. The front house is a 2/1 with a section 8 tenant that pays $963 a month. The back house is a 1/1 that can rent for $600 a month.
Monthly Cost Estimate
$668/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
206 Avenue S
Lubbock, TX 79415
Features & Amenities
Interior Features
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 3-bedroom, 2-bathroom residential multi family at 206 Avenue S is listed at $124,980 ($110/sqft). The estimated monthly payment is $668 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1949, 0.14 acre lot. Interior Features: Formica Counters.
This property is listed by Jana Lowdermilk and can be reached at 8069285767.