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Brooks Brothers Real Estate
2507 40th Street - Image 1
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2507 40th Street

Lubbock, TX 79413

3

Bedrooms

2

Bathrooms

1,446

Sq Ft

1950

Year Built

About This Home

Whether you're looking to expand your rental portfolio or purchase your next income-producing property, this charming home offers excellent potential in an established Lubbock neighborhood. With a functional layout, spacious bedrooms, and a detached bonus building, the possibilities are endless for investors seeking strong rental appeal. Inside, you'll find a practical floor plan with generously sized living spaces, durable flooring in the main areas, and comfortable carpeted bedrooms. The kitchen offers abundant cabinet storage, ample counter space, and stainless steel appliances, while the adjacent laundry room adds everyday convenience. The primary bedroom is spacious and features its own private ensuite bath, providing added comfort for future tenants. Outside, the large backyard is a standout feature with an expansive wood deck perfect for outdoor entertaining, relaxing, or grilling. The detached outbuilding provides valuable flexibility and could serve as a workshop, storage space, hobby room, or additional workspace (buyer to verify permitted uses). Mature trees offer shade and privacy, while the oversized lot provides plenty of room to enjoy. Conveniently located near Texas Tech University, the Medical District, shopping, dining, parks, and major thoroughfares, this property is well-positioned for long-term rental demand or future value-add improvements. Whether you're looking for a property to hold as a rental, renovate for increased equity, or add to your investment portfolio, this is an opportunity you won't want to miss. Schedule your private showing today!

Property Details

Property Type

RES

Property Style

SingleFamilyResidence

Status

Active

MLS #

244605228

Days on Market

68

Interior Features

Total Bedrooms

3

Cooling

Central Air, Electric

Heating

Central, Natural Gas

Exterior & Lot

Parking

On Street, Other

Financial Information

List Price

$145,000

Price per Sq Ft

$100

Est. Monthly Payment

$725

Market Insights

$/Sqft vs Market Avg

-34%

Below Market

Market avg: $152/sqft

Days on Market

68

Market avg: 39 days

Price Position

Below Market

Market avg: $388,668

*Compared to 100 active listings in the area

Location

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2507 40th Street

$145,000

$100/sqft

Est. $725/mo*

*Based on 20% down, 30-year fixed

Private inquiry

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CB

Christopher Brooks

Your Local Expert

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