




$169,000
8601 Memphis Drive C55, Lubbock, TX, 79423
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Attention investors and Texas Tech parents!! This is your chance to own a fully furnished & updated condo in the wonderful Raintree Manor Condominium Complex! Enjoy the stellar location in South Lubbock just one block away from The Premier Sportsplex Gym and two blocks away from the Charles A Guy park. There is an HOA fee of $130/month that covers water, trash, sewer and provides access to a swimming pool + one covered parking space! This unit was previously leased for 16 months @ $1,375/month. (Lease ended August 31st, 2024.) Whether you have been searching for a turn-key short/mid/long term rental or you are an individual looking for a move-in ready property, this property truly checks all the boxes! Schedule a showing to see everything this property has to offer.
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Learn About the Market: Opportunity in Texas




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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Lubbock
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