
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 MarketMarket avg: $132/sqft
Days on Market
24
Faster than avgMarket 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
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Christopher Brooks
Your Local Expert
