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$115,000

714 29th St, Lubbock, TX, 79404

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,056 Sq Ft
price_per_sqft$108.9 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
CoolingCooling
AppliancesGas Range, Microwave, Refrigerator
FlooringLaminate, Plank

Exterior

Lot Size12,500 sqft

Building Information

Year Built1962
Roof Type114

Land Information

APNR87575
Lot Number12
SubdivisionMorning Side
Land UseResidential
Legal DescriptionMORNING SIDE BLK 8 L 12 & E25' OF 11
Census Tract001300
Assessed Land Value$2,000
Assessed Improvement Value$73,344
Assessment Year2025

About this property

Exceptional Investment Opportunity with Future Development Potential! Don't miss this income-producing duplex situated on an expansive 12,000 sq. ft. lot offering both immediate cash flow and exciting future possibilities. Each of the two 1-bedroom, 1-bath units is currently tenant-occupied with leases in place through Spring 2027, providing stable rental income from day one. The property has been refreshed with recent interior paint and updated flooring, and appliances are included, making this a turnkey investment for your portfolio. What truly sets this property apart is its zoning, which allows for up to four residential units (buyer to verify with local planning authorities). With the potential to add two additional units, investors have an opportunity to increase rental income and maximise the property's long-term value. Ideally located within walking distance of local businesses, shopping, restaurants, gas stations, and employment centers, the property offers the convenience today's renters are looking for. Quick freeway access makes commuting simple and further enhances its rental appeal. Whether you're seeking dependable rental income today or exploring future expansion opportunities, this property offers a rare combination of cash flow, location, and development potential. Schedule your showing and discover the possibilities this exceptional investment has to offer.

Investor Tools

$0Estimated Mortgage Balance
$75,344Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$690 /month
Positive
Cash Flow Estimate:
$230 /month

Interested in this property?

Lisa Ashmore

Aycock Realty Group, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$142/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,328
$75,344
2025
$2,000
$73,344
$75,344
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,328
$75,344

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$75,344
100%
0%
$0/mo

City: Lubbock

714 29th St | Property Details | No Agent List