tomo logo

$365,000

Beds
4
Baths
3.0
sq ft
2,398

3114 28th St, Lubbock, TX 79410

3114 28th St

Lubbock, TX 79410

  • <1 day on market
Prime Investment Opportunity in Tech Terrace - For Sale by Owner Located in the highly sought-after Tech Terrace neighborhood, this turnkey investment property offers a hassle-free, income-producing asset. Just minutes from Texas Tech University, this property provides easy access to Tech Terrace Park, local coffee shops, restaurants, and breweries. The recent update includes a newly replaced AC system (summer 2023). For Sale by Owner - Licensed Real Estate Agent & REALTOR® Additional Notes - Selling due to relocation - Referral tenant interested in new lease starting August 2025 - Current tenant lease generates $2,900/month - Deposit of $1500 to be transferred with sale - Property leases to 4 college students, always paid on time - Attracts top-priced tenants, expect new tenant rental over $3,000/month - Prime location for college student rentals, rare 4-bedroom offering in the area

Details

Property type

Single Family Residence

Est. home value

$319,258

Lot size

7,650 sq ft

Price per sq ft

$153

Year built

1947

Annual property taxes

$6,099

Price History

02/26/2025
Lubbock

Lubbock #202550961

Listed
$365,000
04/25/2022
Lubbock

Lubbock #202202303

Removed
04/01/2016
Lubbock

Lubbock #201508192

Removed

Schools & Community

Neighborhood: 

Tech Terrace

Elementary school: 

Wilson

Middle school: 

Hutchinson

High school: 

Lubbock

Community features: 

Park

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

B1Bank

Loan start date

April 2022

Original loan amount

$271,960

Est. remaining balance

Not provided

Interest rate

3.85%

Loan type

Commercial, 5 year

Seller

Mb Bender Investments 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?

Status: Active

Tomo last checked: 02/27/2025 at 3:20 AM

Listing updated: 02/26/2025 at 11:02 AM

Listed by: Jeff Robillard, Newfound Real Estate, LLC Phone #: (888) 695-4285

MLS: Lubbock #202550961

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