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Brooks Brothers Real Estate
1608 48th Street - Image 1
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Just Listed

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 Market

Market 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

Private inquiry

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CB

Christopher Brooks

Your Local Expert

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