1516 27th St, Lubbock, TX 79411

$125,000
3
BD
2
BA

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List Price
$125,000
Price Change
▼ $2,500 1785787374
MLS#
21320356
Status
ACTIVE
Type
Multifamily
Subtype
ResidentialIncome
Year Built
1943
Construction Status
Preowned
Bedrooms
3
Full Baths
2
Acres
0.15
County
Lubbock
City
Lubbock
Subdivision
Belmont Place
Building Name
1516 27th St

Property Description

Excellent investment opportunity with immediate income potential! This property features a tenant-occupied 2-bedroom, 1-bath main home currently leased at $700 per month, plus a fully renovated 1-bedroom, 1-bath detached ADU completed in 2025. The ADU was previously leased for $830 per month and is now vacant, offering the flexibility to place a new tenant at market rates or use the space for extended family, guests, or a home office (buyer to verify permitted uses). The recent renovation of the ADU provides a fresh, move-in-ready space, while the established rental in the main home offers immediate cash flow. Conveniently located near Texas Tech University, downtown Lubbock, medical facilities, shopping, and dining, this versatile property is ideal for investors looking to expand their portfolio or buyers seeking a home with additional income potential. Don't miss this opportunity to own a property with two separate living spaces and strong rental possibilities!

Additional Information

Lot Size
6,694
Acres
0.15
Interior Features
Other
Flooring
Other
Foundation
Pillar/Post/Pier
Roof
Composition
Stories
1
Pool Features
None
Parking Garage
Additional Parking, On Street
School District
Lubbock Isd
Elementary School
Brown
Middle School
Slaton
High School
Lubbock
Possession
ClosePlus30To60Days

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Calculator source: Real Geeks

Listing courtesy of Kensey Chase from Real Broker, LLC. Contact: 940-231-8775