3102-3114 75th Street Lubbock, TX 79423
Other
MLS #: 202602204
Courtesy Of Williams & Company Real Estate
Property InformationDescription
7-Unit Townhome Investment | South Lubbock | Fully Occupied Exceptional opportunity to acquire a fully occupied 7-unit townhome complex in desirable South Lubbock. Located within Lubbock ISD, this property benefits from a favorable property tax rate while maintaining strong tenant demand. Each unit offers: 2 Bedrooms 2 Bathrooms 2-Car Garage 1,415 SF per unit The property has been long-term owned and professionally managed by Location Rentals, reflecting consistent oversight and operational stability. All utilities are separately metered, minimizing landlord expense exposure. The only common area expense is front lawn and tree maintenance, creating a streamlined expense structure. Major capital improvements include a roof replacement approximately five years ago. This asset presents clear value-add potential through cosmetic enhancements and rental rate optimization, offering investors the opportunity to increase revenue while maintaining a strong occupancy history. A stable income-producing asset with upside in a consistently performing South Lubbock location.
Features
- Age: 41-50 Years Old
- Amenities: Ceiling Fan
- Amenities: Disabled Access
- Cooling System: Ceiling Fan(s)
- Cooling System: Electric
- Cooling System: Central Air
- Exterior Type: Brick
- Fireplace: Fireplace
- Floor Covering: Tile
- Floor Covering: Carpet
- Floors: 1
- Heating System: Ceiling
- Heating System: Central
- Heating System: Fireplace(s)
- Heating System: Natural Gas
- Legal Description: Melonie Gardens L 396- L 402
- MLSID: 202602204
- Roof Type: Composition
MAP & DIRECTIONS
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