1516 27th St
Lubbock, Texas 79411
3
Bed
2
Bath
0.15Acre(Lot)
Excellent investment opportunity with immediate income potential! This property features a tenant-occupied 2-bedroom, 1-bath main home currently leased at $700 per month, plus a fully renovated 1-bedroom, 1-bath detached ADU completed in 2025. The ADU was previously leased for $830 per month and is now vacant, offering the flexibility to place a new tenant at market rates or use the space for extended family, guests, or a home office (buyer to verify permitted uses). The recent renovation of the ADU provides a fresh, move-in-ready space, while the established rental in the main home offers immediate cash flow. Conveniently located near Texas Tech University, downtown Lubbock, medical facilities, shopping, and dining, this versatile property is ideal for investors looking to expand their
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 3Bathroom Information
Total Baths: 2 Full Baths: 2 -
Interior Features
OtherAppliances
OtherUtilities
City Sewer,City Water -
Cooling Features
Window Unit(s)Heating Source
Other
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Building Information
Built Year: 1943 Building Area Total: 744 Construction: Wood Roof Type: Composition -
Foundation
Pillar/Post/Pier -
Construction Materials
Wood
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Lot Information
Lot Size (Acr): 0.1537 Lot Size Units: Square Feet Lot Size Square Feet: 6,694 -
Property Information
Property Type: Residential Income Property Sub Type: Multiple Single Units Subdivision: Belmont Place City: Lubbock State: Texas Directions: GPS Property Status: Active Levels: One Property Age: 83 Year Built Details: Preowned
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Listing Price Information
Original List Price: $130,000 -
Listing Information
Possession: 30-60 Days
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Tax Information
Parcel Number: 0000
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Parking Information
Parking: 0 Parking Features: Additional Parking,On Street -
Homeowners Association Information
HOA Type: None
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School Information
Elementary School: Brown Middle School: Slaton High School: Lubbock School District: Lubbock ISD -
Utility Information
Utilities: City Sewer,City Water
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ByOwner last updated this listing 07/08/2026 @ 04:53
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