tomo logo

$575,000

Beds
5
Baths
4.0
sq ft
3,470

1924 17th St, Lubbock, TX 79401

1924 17th St

Lubbock, TX 79401

  • 49 days on market
This fully remodeled 4-plex is an investor's dream come true, offering the perfect combination of steady, long-term income and high profit short-term rental potential in an unbeatable location just steps from Texas Tech. The property features three one bedroom, one bath units and one two bedroom, one bath unit. Each is equipped with its own water heater, HVAC system, keyless entry, and separate utility meters, ensuring convenience for tenants and owners alike. Upgraded with new paint, modern hardware, updated HVAC systems, styish fixtures, and a brand new roof, the property is designed for low maintenance. Each unit is fully furnished with high quality furniture, stylish decorations, rugs, linens, towels, and fully stocked kitchens, making it completely turnkey and move in ready. The three one bedroom units are rented to grad students through July 2026, generating $3300 in guaranteed monthly income. The 2 bedroom is a very lucrative short term rental.

Details

Property type

Single Family Residence

Est. home value

$258,505

Lot size

9,562 sq ft

Price per sq ft

$166

Year built

1955

Price History

01/09/2025
Lubbock

Lubbock #202500522

Listed
$575,000
12/19/2022
Lubbock

Lubbock #202210384

Removed

Schools & Community

Neighborhood: 

South Overton

Elementary school: 

Ramirez Charter School

Middle school: 

Hutchinson

High school: 

Lubbock

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Prosperity Bank

Loan start date

February 2023

Original loan amount

$243,200

Est. remaining balance

Not provided

Interest rate

6.42%

Loan type

Commercial, 20 year

Seller

Al Patton Properties Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/27/2025 at 6:45 AM

Listing updated: 02/10/2025 at 6:49 PM

Listed by: Kyla Sell, Kim & Company, REALTORS Phone #: (806) 790-7142

MLS: Lubbock #202500522

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