3102-3114 75th Street, Lubbock, TX 79423
sale
$929,000
|
Other
Courtesy Of Williams & Company Real Estate
7-Unit Townhome Investment | South Lubbock | Fully Occupied Exceptional opportunity to acquire a fully occupied 7-unit townhome complex in desirable South Lubbock. Located within Lubbock ISD, this property benefits from a favorable property tax rate while maintaining strong tenant demand. Each unit offers: 2 Bedrooms 2 Bathrooms 2-Car Garage 1,415 SF per unit The property has been long-term owned and professionally managed by Location Rentals, reflecting consistent oversight and operational stability. All utilities are separately metered, minimizing landlord expense exposure. The only common area expense is front lawn and tree maintenance, creating a streamlined expense structure. Major capital improvements include a roof replacement approximately five years ago. This asset presents clear value-add potential through cosmetic enhancements and rental rate optimization, offering investors the opportunity to increase revenue while maintaining a strong occupancy history. A stable income-producing asset with upside in a consistently performing South Lubbock location.
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Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: 41-50 Years Old
- Amenities: Ceiling Fan
- Amenities: Disabled Access
- Cooling System: Ceiling Fan(s)
- Cooling System: Electric
- Cooling System: Central Air
- Exterior Type: Brick
- Fireplace: Fireplace
- Floor Covering: Tile
- Floor Covering: Carpet
- Floors: 1
- Heating System: Ceiling
- Heating System: Central
- Heating System: Fireplace(s)
- Heating System: Natural Gas
- Legal Description: Melonie Gardens L 396- L 402
- MLSID: 202602204
- Roof Type: Composition
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