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Brooks Brothers Real Estate
706 29th Street - Image 1
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706 29th Street

Lubbock, TX 79404

3

Bedrooms

1

Bathrooms

1,164

Sq Ft

1939

Year Built

About This Home

Welcome to 706 29th St — a solid investment opportunity in an established Central Lubbock neighborhood known for consistent rental demand. This property is currently leased at $750/month, with a long-term tenant who would like to remain, offering immediate and reliable income from day one. For investors looking for stability, it doesn't get much more straightforward than this. Even better, the property is priced at approximately 72% of its market value, creating a built-in equity position with room for future appreciation. Located just minutes from Texas Tech University and downtown Lubbock, this area continues to attract tenants due to its convenience, accessibility, and affordability. It's a proven rental pocket with ongoing demand. Whether you're looking to expand your portfolio with a low-maintenance rental or secure a property with strong fundamentals, this one checks the boxes: cash flow, tenant stability, and below-market pricing. Opportunities like this—occupied, performing, and priced right—don't last long.

Property Details

Property Type

RES

Property Style

SingleFamilyResidence

Status

Active

MLS #

247348894

Days on Market

New

Interior Features

Total Bedrooms

3

Cooling

Other

Heating

Other

Exterior & Lot

Parking

Driveway

Financial Information

List Price

$59,000

Price per Sq Ft

$51

Est. Monthly Payment

$295

Market Insights

$/Sqft vs Market Avg

-62%

Below Market

Market avg: $135/sqft

Days on Market

0

Faster than avg

Market avg: 27 days

Price Position

Below Market

Market avg: $270,666

*Compared to 100 active listings in the area

Location

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706 29th Street

$59,000

$51/sqft

Est. $295/mo*

*Based on 20% down, 30-year fixed

Private inquiry

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CB

Christopher Brooks

Your Local Expert

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