1516 27th St, Lubbock, TX 79411
- $120,000
- 3
- BD
- 2
- BA
- List Price
- $120,000
- Status
- ACTIVE
- Price Change
- ▼ $5,000 1786484602
- MLS#
- 21320356
- Subtype
- ResidentialIncome
- Construction Status
- Preowned
- Year Built
- 1943
- Bedrooms
- 3
- Bathrooms
- 2
- Full Baths
- 2
- Lot Size
- 6,694
- Acres
- 0.15
- 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!
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Additional Information
- Interior Features
- Other
- Flooring
- Other
- Heating
- Other
- Air Conditioning
- Window/Wall
- Stories
- 1
- Levels
- One
- Roof
- Composition
- Foundation
- Pillar/Post/Pier
- Parking Features
- Additional Parking, On Street
- School District
- Lubbock Isd
- Elementary School
- Brown
- Middle School
- Slaton
- High School
- Lubbock
Mortgage Calculator
Listing courtesy of Kensey Chase from Real Broker, LLC. Contact: 940-231-8775
Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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