About this property

This value-packed duplex at 4423 31st St in Lubbock offers immediate income with room for upside. One side is currently leased through July 2025 at $885/month, while the other side is vacant and ready to lease at the same projected rate. Each unit includes 2 bedrooms and 1 bath, combining for an estimated $21,240 in annual income—yielding an impressive 11.18% CAP Rate and ROI. Located just minutes from Texas Tech and situated in a popular rental corridor just across the street from a middle school, this duplex is a strong performer for buy-and-hold investors. Features include covered parking, separate private entrances, and durable brick construction that keeps maintenance low. Zoned in a high-demand area with proven rental history, this property is priced competitively under market value. It can be purchased individually or as part of a rare 6-property investment portfolio that also includes 6313 23rd St, 6315 24th St, 6210 22nd St, 6212 22nd St, and neighboring duplex 4425 31st St. (the duplex just next door). Don't miss this awesome investment opportunity!