1516 27th St, Lubbock, Texas

$127,500
Active
1516 27th St, Lubbock, Texas
1516 27th St, Lubbock, Texas
1516 27th St, Lubbock, Texas
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Property Details

MLS ID: 21320356
Status: Active
Price: $127,500
Acres: 0.15±
Type: Residential
Address: 1516 27th St
City, State: Lubbock, TX
County: Lubbock County
ZIP Code: 79411
Lat/Long: 33.56996, -101.85231
Bedrooms: 3
Bathrooms: 2
Year Built: 1943

Description

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 portfolio or buyers seeking a home with additional income potential.

Don't miss this opportunity to own a property with two separate living spaces and strong rental possibilities!

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Andy Flack

Andy Flack

HomeLand Properties, Inc.

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HomeLand Properties, Inc.
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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of August 2, 2026 at 12:00:00 AM UTC.

You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. This data was last updated on: August 2, 2026 at 12:00:00 AM UTC

Listed By: Kensey Chase of Real Broker, Llc