
2005 61st Street
Lubbock, TX 79412
4
Bedrooms
1
Bathrooms
1,198
Sq Ft
1950
Year Built
About This Home
Welcome to 2005 61st St — a great opportunity whether you're looking for your next home or a strong addition to your investment portfolio. This property has been recently updated by the seller and is currently finishing up a make-ready, putting it in a position to be rent-ready or move-in ready very soon. With a projected market rent of approximately $1,100/month, it offers solid income potential in an area with consistent demand. What truly makes this property stand out is the pricing—offered at approximately 31% below its market value, giving buyers the chance to step into immediate equity and long-term upside. For investors, this is a clean, low-hassle opportunity to place a tenant quickly and start generating returns. For owner-occupants, it's a chance to own a home with updates already completed—without paying full market price. Whether you're looking for cash flow, equity, or a place to call home, this property offers a strong combination of value, flexibility, and opportunity.
Property Details
Property Type
RES
Property Style
SingleFamilyResidence
Status
Active
MLS #
247348901
Days on Market
New
Interior Features
Total Bedrooms
4
Flooring
Other
Cooling
Ceiling Fan(s), Central Air
Heating
Central
Exterior & Lot
Parking
Driveway
Financial Information
List Price
$80,000
Price per Sq Ft
$67
Est. Monthly Payment
$400
Market Insights
$/Sqft vs Market Avg
-51%
Below MarketMarket avg: $135/sqft
Days on Market
0
Faster than avgMarket avg: 27 days
Price Position
Below Market
Market avg: $270,666
*Compared to 100 active listings in the area
Location
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2005 61st Street
$80,000
$67/sqft
Est. $400/mo*
*Based on 20% down, 30-year fixed
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Christopher Brooks
Your Local Expert
