3308 2nd Street, Lubbock, TX 79415

Local realty services provided by:Better Homes and Gardens Real Estate Blu Realty
3308 2nd Street,Lubbock, TX 79415
$95,500
  • 3 Beds
  • 2 Baths
  • 1,088 sq. ft.
  • Multi-family
  • Active
Listed by:felicia estrada
Office:keller williams realty
MLS#:202557064
Source:TX_LAR

Price summary

  • Price:$95,500
  • Price per sq. ft.:$87.78

About this home

This asset is offered as part of a value-add investment portfolio of 18 properties and represents a true turn-key cash flow asset. The property is a 3-bed, 1-bath residence currently rented at $1,050/month with a reliable tenant in place. Recent upgrades are extensive — including fresh exterior and interior paint, new flooring, and a full electrical system overhaul. Over $30,000 in improvements have already been invested to position this unit at market standards. Rents surpass the 1 % rule, offering strong yield from day one. Located in a centrally accessible Lubbock neighborhood, it enjoys proximity to university zones, parks, transit corridors, and local amenities, making it attractive to quality renters. This is an ideal "set-and-collect" component in your portfolio — minimal near-term capital risk with stable income and low vacancy exposure.

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Home facts

  • Year built:1947
  • Listing ID #:202557064
  • Added:116 day(s) ago
  • Updated:October 25, 2025 at 02:54 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,088 sq. ft.

Heating and cooling

  • Cooling:Central Air, Multi Units
  • Heating:Central

Structure and exterior

  • Roof:Composition
  • Year built:1947
  • Building area:1,088 sq. ft.
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$95,500
  • Price per sq. ft.:$87.78
  • Tax amount:$284
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