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$1,200,000

2406 28th St, Lubbock, TX, 79411

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,680 Sq Ft
Package PropertyPackage Property
price_per_sqft$714.29 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesMicrowave, Refrigerator, Washer/Dryer
FlooringVinyl, Wood

Exterior

Lot Size7,700 sqft

Building Information

Year Built1951
Roof Type105
Garage Spaces286

Land Information

APNR101357
Lot Number260
SubdivisionDeerwood
Land UseResidential
Legal DescriptionDEERWOOD BLK 2 E45'OF L 33 & W/2 OF 34
Census Tract001401
Assessed Land Value$24,500
Assessed Improvement Value$101,541
Assessment Year2025

About this property

This is a package of performing AIRBNB properties, being sold together as a business with real estate! These properties are all located right next to Texas Tech University, and have been remodeled from floor to ceiling, exterior and interior! This is a plug and play business, with as much transferred to buyer as possible at sale. These are currently being hosted as multiple single units per property, or the entire property able to be leased as one unit. Financials avaialbe for last 2 years on request. If you are looking for a unique business opportunity, this is a great place to start!

Investor Tools

$0Estimated Mortgage Balance
$140,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,200 /month
Positive
Cash Flow Estimate:
$2,400 /month

Interested in this property?

Travis Turner

Brick & Loft Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$244/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,230
$126,041
2025
$24,500
$101,541
$126,041
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,230
$126,041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$140,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
N/A
+$1,425/mo
12.2%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lubbock

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2406 28th St | Property Details | No Agent List