2128 53rd St

Take advantage of this promising investment opportunity at 2128 53rd St in Lubbock, TX. This property is an excellent choice for investors aiming to capitalize on Lubbock's expanding real estate market. Located in a desirable neighborhood with easy access to local amenities and major roads, the home offers 2,472 square feet of living space on a 10,158 square foot lot. Built in 1960, this 4-bedroom, 3-bathroom single-family residence features a sturdy masonry/brick exterior and substantial renovation potential. With some updates, this property could significantly increase in value and offer strong rental income potential.

Listed at $135,990, the property has an after-repair value (ARV) of $280,000, requiring a $3,000 earnest money deposit. Access to the property is available by appointment only. Comparable sales in the area include: 2130 54th St, which sold for $292,552 on 3/19/24, a fully renovated 4-bed, 2-bath home; 2510 59th St, sold for $246,500 on 1/18/24, a fully renovated 3-bed, 2-bath property; and 2201 59th St, which sold for $200,324 on 4/1/24, a 3-bed, 2.5-bath home that has not been updated. For more information or to schedule a viewing, please contact Norris Chim, Disposition Manager, at (904) 419-7462 or via email at ncdeals.rei@gmail.com.

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