6539 89th Street, Lubbock, TX 79424
6539 89th Street, Lubbock, TX 79424
6539 89th Street, Lubbock, TX 79424
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Jason Arnold

Jason Arnold

+1(806) 678-9266
$ 190,000
Est. payment | /mo

3 Beds

2 Baths

1,365 SqFt

Save
$ 190,000
Est. payment | /mo
Save

3 Beds

2 Baths

1,365 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,365 sqft

Price per Sqft $139

MLS Listing ID 202605564

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 2004

Annual Tax Amount $3,651

Lot Size 5,040 Sqft

Acres 0.12

Property Sub-Type Single Family Residence

Source Lubbock Association of REALTORS®

Property Description

Investor opportunity with in-place income. This 3-bedroom, 2-bath home offers 1,365 sq ft and is currently leased at $1,500/month, providing immediate cash flow from day one. At $190,000, the deal sits just under the 1% rule. Which is exactly why there's room to create value. For investors focused on long-term holds, rent growth, and equity positioning, this is a play, not a pass. With targeted updates and rent optimization, there's clear upside to improve returns and push this asset closer to true cash-flow territory. The property offers a functional layout, strong rental appeal, and a large backyard that adds tenant desirability and future flexibility. Whether you're building a portfolio or adding a value-add asset, this is an opportunity to step into an income-producing property with upside already built into the numbers. This isn't a turnkey cash cow...it's a strategic buy for investors who know how to force appreciation and maximize returns.

Location

State TX

County Lubbock

Area 7

Rooms

Basement Basement

Interior

Interior Features Ceiling Fan(s), Granite Counters, Pantry, Smart Thermostat, Walk-In Closet(s)

Heating Central

Cooling Central Air

Flooring Tile, Vinyl

Fireplace No

Appliance Dishwasher, Free-Standing Electric Range, Microwave, Refrigerator

Laundry Inside

Exterior

Exterior Feature Private Yard

Parking Features Attached, Garage

Garage Spaces 2.0

Garage Description 2.0

Fence Back Yard

Roof Type Synthetic

Garage Yes

Private Pool No

Building

Story 1

Foundation Slab

New Construction No

Schools

Elementary Schools Oak Ridge

Middle Schools Heritage

High Schools Frenship

School District Frenship Isd

Others

Tax ID R303270

Acceptable Financing Cash, Conventional, FHA, USDA Loan

Listing Terms Cash, Conventional, FHA, USDA Loan

Listed by The 32:18 Management Group

GET MORE INFORMATION

Jason Arnold
Jason Arnold

Agent | License ID: 7637770

+1(806) 678-9266 | jasonarnoldre@gmail.com

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6539 89th Street