3308 2nd Street, Lubbock, TX 79415
$1,400,000
Property Type:
Residential Income
Bedrooms:
3
Baths:
2
Square Footage:
1,088
Lot Size (sq. ft.):
6,500
Status:
Active
Current Price:
$1,400,000
List Date:
6/30/2025
Last Modified:
6/30/2025
Description
Turn-key 18-Door SFR Portfolio Step into instant cash flow with this rare package of 18 single-family homes—14 already leased at market rents and collectively outperforming the coveted 1 % rule. This portfolio delivers steady income today and clear upside tomorrow. Why investors like you will love it - Strong, Stable Rent: Long-term tenants in place, maintained to neighborhood standards, and managed by 32:18 Management—who will gladly stay on for a seamless hand-off. Plug-and-Play Operation: Existing systems, leases, and rent roll mean you collect cash from Day 1. Built-in Value-Add: All homes sit in solid C-class sub markets and are in functional condition: enjoy immediate returns now, then unlock more equity with targeted upgrades as schedules and budgets allow. Balanced Risk: Spread across multiple blocks, reducing vacancy exposure while keeping management efficient. Investor-Friendly Numbers: At or above the 1 % rule, this package works for BRRRR, buy-and-hold, or 1031-exchange strategies.
Seller will provide full rent roll, maintenance history, and recent improvement list upon request. Properties convey **as-is**; inspections welcome. Expand your portfolio with 18 proven performers—schedule your walk-through and financial review today!
Supplements: ********
More Information MLS# 202557064
Contract Information
Current Price: $1,400,000
Original List Price: 1400000
List Price: $1,400,000
Status: Active
Listing Contract Date: 2025-06-23
Property Sub Type: Package Property
Total Number of Properties: 18
Listing Agreement: Exclusive Right To Sell
Owner Name: Arbel Properties LLC
List Price/SqFt: 1286.76
Location Tax and Legal
Street Number: 3308
Street Name: 2nd
Street Suffix: Street
County: Lubbock
State: TX
Postal Code: 79415
Zone: 4
General Property Information
Bedrooms Total: 3
Bathrooms Full: 2
Total Bathrooms: 2
Above Grade Finished Area: 1088
Above Grade Finished Area Source: Public Records
Living Area: 1088
Living Area Source: Public Records
Accessibility Features YN: No
Year Built: 1947
Year Built Source: Public Records
Lot Size Acres: 0.15
Lot Size Square Feet: 6500
Lot Size Source: Public Records
Property Attached YN: No
Remarks and Miscellaneous
Public Remarks: Turn-key 18-Door SFR Portfolio Step into instant cash flow with this rare package of 18 single-family homes—14 already leased at market rents and collectively outperforming the coveted 1 % rule. This portfolio delivers steady income today and clear upside tomorrow. Why investors like you will love it - Strong, Stable Rent: Long-term tenants in place, maintained to neighborhood standards, and managed by 32:18 Management—who will gladly stay on for a seamless hand-off. Plug-and-Play Operation: Existing systems, leases, and rent roll mean you collect cash from Day 1. Built-in Value-Add: All homes sit in solid C-class sub markets and are in functional condition: enjoy immediate returns now, then unlock more equity with targeted upgrades as schedules and budgets allow. Balanced Risk: Spread across multiple blocks, reducing vacancy exposure while keeping management efficient. Investor-Friendly Numbers: At or above the 1 % rule, this package works for BRRRR, buy-and-hold, or 1031-exchange strategies.
Seller will provide full rent roll, maintenance history, and recent improvement list upon request. Properties convey **as-is**; inspections welcome. Expand your portfolio with 18 proven performers—schedule your walk-through and financial review today!
Status Change Information
Major Change Timestamp: 2025-06-30T17:32:11Z
Major Change Type: New Listing
Status Change Timestamp: 2025-06-30
Income and Expenses
Gross Scheduled Income: 14350
Unit Details
Number Of Units Leased: 1
Title Company Information
Title Company: American Land Title
Title Company Address: 4601 66th St. Ste B Lubbock, TX 79414
Title Company Fax: None Available
Title Company Phone: (806) 344-8470
Package Property 1
Address: 607 Zenith
Bedrooms Total: 3
Total Bathrooms: 1
Gross Rental Income: 795
Individual Property Price: 79500
Occupied YN: No
Remarks: Insurance claim filed on roof. Will occupy once claim is completed
Package Property 2
Address: 523 39th St
Bedrooms Total: 2
Total Bathrooms: 1
Gross Rental Income: 1000
Individual Property Price: 100000
Occupied YN: Yes
Remarks: All bills paid. Owner pays utilities
Package Property 3
Address: 614 39th St
Bedrooms Total: 3
Total Bathrooms: 1
Gross Rental Income: 800
Individual Property Price: 80000
Occupied YN: No
Remarks: Waiting on City to make a repair then will rent out.
Package Property 4
Address: 706 29th St
Bedrooms Total: 3
Total Bathrooms: 2
Gross Rental Income: 750
Individual Property Price: 75000
Occupied YN: Yes
Package Property 5
Address: 707 43rd St
Bedrooms Total: 1
Total Bathrooms: 1
Gross Rental Income: 650
Individual Property Price: 65000
Occupied YN: Yes
Package Property 6
Address: 1937 E Colgate
Bedrooms Total: 3
Total Bathrooms: 2
Gross Rental Income: 895
Individual Property Price: 89500
Occupied YN: Yes
Package Property 7
Address: 2510 Ave K
Bedrooms Total: 2
Total Bathrooms: 1
Gross Rental Income: 495
Individual Property Price: 49500
Occupied YN: Yes
Package Property 8
Address: 5315 Interstate 27
Bedrooms Total: 3
Total Bathrooms: 2
Gross Rental Income: 850
Individual Property Price: 85000
Occupied YN: Yes
Package Property 9
Address: 2401 E 10th St
Bedrooms Total: 3
Total Bathrooms: 1
Gross Rental Income: 495
Individual Property Price: 49500
Occupied YN: Yes
Package Property 10
Address: 2627 E Cornell
Bedrooms Total: 3
Total Bathrooms: 1
Gross Rental Income: 595
Individual Property Price: 59500
Occupied YN: Yes
Property Features
Appliances: Electric Range
Construction Materials: Unknown
Cooling: Central Air; Multi Units
Flooring: Other
Heating: Central
Listing Terms: 1031 Exchange; Cash; Conventional
Other Equipment: Call Listing Agent
Parking Features: Driveway
Property Condition: Fixer
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Composition
Security Features: None
Tenant Pays: All Utilities
Showing Considerations: Occupied; Pet(s) on Premises
Listing Office: Keller Williams Realty
Listing Agent: Felicia Estrada
Last Updated: June - 30 - 2025
Information deemed reliable but not guaranteed.