BEDS3
BATHS2 full
MLS#21320356
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBelmont Place
SCHOOLLubbock ISD
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!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Heating: Other
Lot Size: 0.15 Acres
Roof Type: Composition
Year Built: 1943
Amenities
Other
Feature Descriptions
Appliances: Other
Days on Site: 24
Exterior: Wood
Flooring: Other
Parcel#: 0000
Parking: Additional Parking, On Street
Parking Notes: Additional Parking, On Street
Units: 2
Utilities: City Sewer, City Water
Local Schools
Elementary School: Brown
School District: Lubbock ISD
Listed By / Shown By
Listed By
Agency Name: Real Broker, LLC
Agency Contact: 940-231-8775
Agent Name: Kensey Chase
Shown By
Agent Name: Mandy Petersen
Agent Phone: (254) 644-8648
Agency Title: Kelly, Realtors
Estimate Your Payment
Estimated Payment
$ 320.95 per month $283.76 Principal & Interest $0.00 Property Tax (data not provided by mls) $37.19 Homeowner's InsuranceChange Payment Information
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1516 27th St | MLS# 21320356
This multi-family property located at 1516 27th St, Lubbock, TX 79411 is currently listed for sale with an asking price of $127,500. 27th St is located within the Lubbock ISD school district. Search Lubbock real estate on mandypetersen.kellyrealtors.com today.