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Brooks Brothers Real Estate
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Hot Listing

2411 Cedar Avenue

Lubbock, TX 79404

3

Bedrooms

1

Bathrooms

986

Sq Ft

1950

Year Built

About This Home

Turnkey, income producing investment property! This well maintained 3 bedroom, 1 bath home offers approximately 1,000 sqft of living space on a large lot with a spacious backyard. With major updates already completed, this is an ideal low-maintenance rental for both new and experienced investors . Recent improvements include: New 200-amp electrical service with updated breaker box and meter base. New PEX water lines and PVC sewer line throughout the interior and exterior of the home. Original hardwood floors professionally stained with tile throughout. No carpet for easy maintenance and lower turnover cost! Bronze aluminum windows. Fresh interior paint. New water heater (2024), Central heat and air (2021), Roof replaced (2022), New light fixtures and ceiling fans throughout. Attractive brick mailbox for added curb appeal. The sale includes a stainless steel stove and refrigerator. The property is currently tenant occupied and leased through March 2027 at $1,150 per month providing immediate rental income from day one. This is a true turnkey investment that easily meets the 1% rule while offering a reliable, low maintenance addition to any rental portfolio. Purchase today and start collecting rent on the first!

Property Details

Property Type

RES

Property Style

SingleFamilyResidence

Status

Pending

MLS #

244794877

Days on Market

24

Interior Features

Total Bedrooms

3

Cooling

Ceiling Fan(s), Central Air

Heating

Central

Exterior & Lot

Parking

Off Street

Financial Information

List Price

$84,000

Price per Sq Ft

$85

Est. Monthly Payment

$420

Market Insights

$/Sqft vs Market Avg

-36%

Below Market

Market avg: $132/sqft

Days on Market

24

Faster than avg

Market avg: 36 days

Price Position

Below Market

Market avg: $271,357

*Compared to 100 active listings in the area

Location

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2411 Cedar Avenue

$84,000

$85/sqft

Est. $420/mo*

*Based on 20% down, 30-year fixed

Private inquiry

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CB

Christopher Brooks

Your Local Expert

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