tomo logo

$238,000

Beds
3
Baths
3.0
sq ft
1,683

2204 20th St, Lubbock, TX 79411

2204 20th St

Lubbock, TX 79411

  • 30 days on market
Investors, don't miss this incredible opportunity to own the Gingerbread House; a rare 3-bedroom, 3-bathroom home just blocks from Texas Tech University! Currently rented at $1,850 per month through July 31, 2025, with a lease extension secured at $2,250 per month through July 31, 2026, this property guarantees reliable, long-term income with no vacancies in sight. The interior has been updated with fresh paint, upgraded fixtures, hardwood floors, along with a huge living room, a spacious kitchen, and three oversized bedrooms each with its own private bathroom. Additional features include a covered back patio, a massive backyard on a double lot, alarm system, and driveway parking for up to four cars. With its prime location near Tech, dining and entertainment, along with the exceptional layout and guaranteed income, this home is the ultimate turnkey investment opportunity for any real estate portfolio.

Details

Property type

Single Family Residence

Est. home value

$177,584

Property condition

Updated/Remodeled

Lot size

0.29 acres

Price per sq ft

$142

Year built

1938

Annual property taxes

$3,100

Price History

02/10/2025
Lubbock

Lubbock #202501461

Listed
$238,000
10/19/2022
Lubbock

Lubbock #202209149

Removed
07/29/2016
Lubbock

Lubbock #201604514

Removed

Schools & Community

Neighborhood: 

Heart of Lubbock

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

October 2022

Original loan amount

$118,400

Est. remaining balance

Not provided

Interest rate

5.66%

Loan type

Commercial, 15 year

Seller

Patton Legacy Holdings 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: 02/26/2025 at 9:05 PM

Listing updated: 02/12/2025 at 12:17 PM

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

MLS: Lubbock #202501461

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