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$95,000
Est. payment /mo
3 Beds
1 Bath
1,436 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,436 sqft
Price per Sqft $66
MLS Listing ID 202613131
Bedrooms 3
Full Baths 1
Year Built 1953
Annual Tax Amount $1,205
Lot Size 7,830 Sqft
Acres 0.18
Property Sub-Type Single Family Residence
Source Lubbock Association of REALTORS®
Property Description
Welcome to 6120 Ave R — a strong opportunity for both investors and buyers looking for value in an established Lubbock neighborhood. This property is currently tenant-occupied and generating $1,250/month in rental income, which is above typical rent for the area—offering immediate cash flow from day one. Even more attractive, it's priced at approximately 77% of its estimated market value, giving you built-in equity and long-term upside. Situated in the Bayless Atkins area, this home benefits from its central location with easy access to schools, parks, shopping, and major roadways. It's a consistent rental pocket with steady demand, making it a reliable choice for investors. For investors, this is a turnkey rental with strong performance already in place. For future homeowners, this could be a smart buy—step into a property with equity, collect income now, and plan for personal use down the road. Properties that offer cash flow + equity + location convenience are getting harder to find at this price point.
Location
State TX
County Lubbock
Area 2
Rooms
Basement Basement
Interior
Interior Features Other
Heating Central
Cooling Central Air
Fireplace No
Exterior
Exterior Feature None, Other
Parking Features Other
Roof Type Composition
Building
Foundation Pillar/Post/Pier
New Construction No
Schools
School District Lubbock Isd
Others
Tax ID R132506
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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Listed by Keller Williams Realty
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