1516 27Th St, Lubbock, TX

House

For Sale

Listed price in listed location currency (USD).

$130,000

320

MLS® 21320356

Overview

Key Facts

Type

Levels Residential Income

Size -

Garage

Taxes

Days Active 13

Lot Size 0.1537 Acres

Approx. Age 1943

MLS® Number 21320356

Property Address: 1516 27th St, Lubbock, TX, 79411-2436

Average square foot calculated using Size range provided by listing agent.

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!

MLS® Number21320356

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1943

Basement

DrivewayAdditional Parking, On Street

Garage Spaces

HeatOther

A/CWindow Units

Extras

Map

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