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About This Home
This 2-bedroom, 1-bathroom single family at 2609 Avenue K in Lubbock, TX is listed for $35,000 ($50 per sqft). Built in 1947, the home offers 694 sqft of living space on a 0.09 acres lot.
Welcome to 2609 Ave K - a compelling opportunity for investors looking to secure a stabilized property with significant value-add potential. This home is currently occupied by a long-term tenant who pays consistently and would like to remain, providing immediate income and peace of mind.
The tenant is on a month-to-month lease, giving flexibility for future plans. The property is currently under-rented, offering a clear opportunity to increase cash flow over time. For those looking to maximize rents, a light update or refresh could help bring the property up to current market standards.
What truly sets this property apart is the price - listed at approximately 52% of its market value, creating a rare opportunity for substantial equity and long-term upside. Located in Central Lubbock with convenient access to major roadways, downtown, and Texas Tech University, this area continues to attract steady rental demand. Whether you're building your portfolio or looking for a high-margin investment, this property offers the ideal combination of stability, flexibility, and strong upside potential.
Key Features
- Built in 1947
- 0.09 acre lot
Property Details
Amenities
Monthly Cost Estimate
$187/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2609 Avenue K
Lubbock, TX 79411
Property Details
Parking
Heating
Cooling
Questions & Answers
This 2-bedroom, 1-bathroom single family at 2609 Avenue K is listed at $35,000 ($50/sqft). The estimated monthly payment is $152 based on 20% down at 6.5% interest.
Key features include: Built in 1947, 0.09 acre lot.
This property is listed by Felicia Estrada and can be reached at 2102741825 or discoverlbk@kw.com.
