7404 Ave W Recently renovated, turnkey duplex, exceeding the 1% rule. This property has just undergone approximately $12,000 in recent renovations, minimizing near term capital expenses. Unit A offers 2 bedrooms and 1 bath and is currently vacant; previously rented for $825/month, offering the new owner flexibility to lease or owner-occupy. Unit B offers 3 bedrooms and 2 baths and is currently rented for $900/month. With in-place income and upside through lease-up, this well-maintained duplex is ideal for both new and seasoned investors. Centrally located in Lubbock with quick access to University Ave and South Loop 289, and just minutes from Texas Tech University and UMC. The property is professionally managed, offering stable operations and a smooth transition for the next owner. This property can be purchased as a package with 7402 Ave W located next door.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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