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Brooks Brothers Real Estate
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2503 24th Street

Lubbock, TX 79410

4

Bedrooms

3

Bathrooms

2,172

Sq Ft

1939

Year Built

About This Home

Solid 4-bedroom, 3-bath home with a carport and bonus sunroom — a versatile layout that tenants love and a proven performer in the Texas Tech rental market. This property previously rented at $2,200/month as a single unit, but the real upside is in the details. The home already has 2 separate meters and with a single doorway closure, can easily be converted into two independent units — a 3/2 and a 2/1 — dramatically increasing rental potential and giving an investor the flexibility to lease to two separate groups of tenants. Situated in the heart of Tech Terrace, students enjoy walkable access to coffee shops and a nearby grocery store, putting this property in one of Lubbock's most desirable student neighborhoods. We're early in the summer, giving an investor the perfect window to make the conversion, freshen it up, and have both units fully leased before the fall semester kicks off. The bones are there, the infrastructure is already in place — this one just needs someone to pull the trigger. Get in early, get it ready, and capture the fall rush. Priced to Sell, it won't last long!

Property Details

Property Type

RES

Property Style

SingleFamilyResidence

Status

Pending

MLS #

242315034

Days on Market

74

Interior Features

Total Bedrooms

4

Flooring

Carpet, Concrete, Tile, Vinyl

Cooling

Central Air, Electric

Heating

Central, Electric

Exterior & Lot

Parking

Carport, Garage Faces Side, Off Street

Financial Information

List Price

$205,000

Price per Sq Ft

$94

Est. Monthly Payment

$1,025

Market Insights

$/Sqft vs Market Avg

-28%

Below Market

Market avg: $131/sqft

Days on Market

74

Market avg: 27 days

Price Position

Below Market

Market avg: $328,666

*Compared to 100 active listings in the area

Location

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2503 24th Street

$205,000

$94/sqft

Est. $1,025/mo*

*Based on 20% down, 30-year fixed

Private inquiry

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CB

Christopher Brooks

Your Local Expert

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