
1608 48th Street
Lubbock, TX 79412
3
Bedrooms
2
Bathrooms
1,616
Sq Ft
2016
Year Built
About This Home
Turnkey investment opportunity with immediate cash flow! This well-maintained 3-bedroom, 2-bathroom home is currently leased through May 2027 at $1,500/month, offering stable long-term income from day one. Inside, the property features an open-concept layout with durable tile flooring throughout the main living areas and brand-new vinyl flooring in all bedrooms for low-maintenance ownership. The kitchen is both functional and attractive, complete with granite countertops, ample prep space, and abundant cabinetry. The isolated primary suite adds privacy and includes two spacious walk-in closets along with a well-appointed en suite bath featuring modern finishes. With desirable features, strong rental appeal, and an established tenant in place, this property is an excellent addition to any investment portfolio.
Property Details
Property Type
RES
Property Style
SingleFamilyResidence
Status
Active
MLS #
238865045
Days on Market
190
Interior Features
Total Bedrooms
3
Flooring
Tile, Vinyl
Cooling
Ceiling Fan(s), Central Air
Heating
Central, Natural Gas
Exterior & Lot
Parking
Attached, Driveway, Garage
Financial Information
List Price
$180,000
Price per Sq Ft
$111
Est. Monthly Payment
$900
Market Insights
$/Sqft vs Market Avg
-17%
Below MarketMarket avg: $134/sqft
Days on Market
190
Market avg: 35 days
Price Position
Below Market
Market avg: $309,088
*Compared to 100 active listings in the area
Location
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1608 48th Street
$180,000
$111/sqft
Est. $900/mo*
*Based on 20% down, 30-year fixed
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Christopher Brooks
Your Local Expert
