Search

7602 60th Street, Lubbock, TX 79407

$4,700,000
Property Type: Residential Bedrooms: 54 Baths: 33 Square Footage: 30,117 Lot Size (sq. ft.): 100,188 Status: Active
Current Price: $4,700,000 List Date: 9/03/2025 Last Modified: 9/21/2025

Description

Investor Opportunity - 15 Newer Income-Producing Homes in Lubbock, TX Presenting a rare chance to acquire 15 newer homes (all built in 2023) in one of Lubbock's most desirable areas. All properties are fully occupied, generating strong and stable income, with most tenants being long term and turnover historically re-leased in under 30 days. This makes for a secure, turnkey portfolio investment with proven cash flow. Located within the highly ranked Frenship ISD, these homes sit on two adjoining cul-de-sac streets, creating unmatched efficiency for property management. The portfolio includes five unique floor plans, a mix of 3- and 4-bedroom homes with 2-3 bathrooms, tall ceilings, open layouts, and modern finishes including granite countertops, stainless steel appliances (refrigerators included), and durable vinyl plank flooring. Every home features gas cooking, sprinkler systems in both yards, and two-car garages. Additional highlights include a 10-year structural warranty valid through August 2032, minimal maintenance due to new construction, and proximity to top-rated schools, major employers, and Texas Tech University. Financial performance is strong, with a 6% cap rate, 100% occupancy, and tenants responsible for utilities and yard care. Property management can continue under at a discounted rate, making this a seamless investment transition. This package offers flexibility: purchase all 15 homes together, split into smaller groups, or even buy individual properties. Financing is available through a local lender with competitive terms, further enhancing the appeal of this high-demand rental opportunity.

Supplements: ********

More Information MLS# 202559909

Contract Information

Current Price: $4,700,000 Original List Price: 4700000 List Price: $4,700,000 Status: Active Listing Contract Date: 2025-09-03 Property Sub Type: Package Property Listing Agreement: Exclusive Right To Sell Owner Name: PED Investments LLC Occupant Type: Tenant

Location Tax and Legal

Street Number: 7602 Street Name: 60th Street Suffix: Street County: Lubbock State: TX Postal Code: 79407 Zone: 7

General Property Information

Bedrooms Total: 54 Bathrooms Full: 33 Total Bathrooms: 33 Above Grade Finished Area: 30117 Above Grade Finished Area Source: Builder Living Area: 30117 Living Area Source: Builder Accessibility Features YN: No Year Built: 2023 Garage YN: Yes Attached Garage YN: Yes Garage Spaces: 30 Carport YN: No Lot Size Acres: 2.3 Lot Size Square Feet: 100188 Lot Size Source: Other Association YN: No Waterfront YN: No Basement YN: No Stories Total: 1 Fireplace YN: Yes Fireplaces Total: 15 Pool Private YN: No Spa YN: No Accessory Dwelling Unit YN: No Horse YN: No

Remarks and Miscellaneous

Public Remarks: Investor Opportunity - 15 Newer Income-Producing Homes in Lubbock, TX Presenting a rare chance to acquire 15 newer homes (all built in 2023) in one of Lubbock's most desirable areas. All properties are fully occupied, generating strong and stable income, with most tenants being long term and turnover historically re-leased in under 30 days. This makes for a secure, turnkey portfolio investment with proven cash flow. Located within the highly ranked Frenship ISD, these homes sit on two adjoining cul-de-sac streets, creating unmatched efficiency for property management. The portfolio includes five unique floor plans, a mix of 3- and 4-bedroom homes with 2-3 bathrooms, tall ceilings, open layouts, and modern finishes including granite countertops, stainless steel appliances (refrigerators included), and durable vinyl plank flooring. Every home features gas cooking, sprinkler systems in both yards, and two-car garages. Additional highlights include a 10-year structural warranty valid through August 2032, minimal maintenance due to new construction, and proximity to top-rated schools, major employers, and Texas Tech University. Financial performance is strong, with a 6% cap rate, 100% occupancy, and tenants responsible for utilities and yard care. Property management can continue under at a discounted rate, making this a seamless investment transition. This package offers flexibility: purchase all 15 homes together, split into smaller groups, or even buy individual properties. Financing is available through a local lender with competitive terms, further enhancing the appeal of this high-demand rental opportunity.

Status Change Information

Major Change Timestamp: 2025-09-03T19:51:32Z Major Change Type: New Listing Status Change Timestamp: 2025-09-03

Title Company Information

Title Company: Service Title 84th Title Company Address: 4101 B 84th St, Lubbock, TX 79423 Title Company Fax: (806) 798-2928 Title Company Phone: (806) 794-9966

Package Property 1

Address: 7602 60th Bedrooms Total: 3 Total Bathrooms: 2 Parking Spaces: 2 Gross Rental Income: 2200 Occupied YN: Yes

Package Property 2

Address: 7603 60th Bedrooms Total: 4 Total Bathrooms: 2 Parking Spaces: 2 Gross Rental Income: 2250 Occupied YN: Yes

Package Property 3

Address: 7604 60th Bedrooms Total: 4 Total Bathrooms: 3 Parking Spaces: 2 Gross Rental Income: 2650 Occupied YN: Yes

Package Property 4

Address: 7606 60th Gross Rental Income: 2200

Package Property 5

Address: 7606 61st Bedrooms Total: 3 Total Bathrooms: 2 Parking Spaces: 2 Gross Rental Income: 2200 Occupied YN: Yes

Package Property 6

Address: 7607 60th Bedrooms Total: 4 Total Bathrooms: 2 Parking Spaces: 2 Gross Rental Income: 2250 Occupied YN: Yes

Package Property 7

Address: 7608 61st Bedrooms Total: 4 Total Bathrooms: 2 Parking Spaces: 2 Gross Rental Income: 2300 Occupied YN: Yes

Package Property 8

Address: 7616 60th Bedrooms Total: 3 Total Bathrooms: 2 Parking Spaces: 2 Gross Rental Income: 2450 Occupied YN: Yes

Package Property 9

Address: 7612 60th Bedrooms Total: 4 Total Bathrooms: 3 Parking Spaces: 2 Gross Rental Income: 2500 Occupied YN: Yes

Package Property 10

Address: 7614 60th Bedrooms Total: 4 Total Bathrooms: 2 Parking Spaces: 2 Gross Rental Income: 2250 Occupied YN: Yes

Property Features

Appliances: Dishwasher; Disposal; Freezer; Gas Oven; Gas Range; Microwave; Refrigerator; Stainless Steel Appliance(s); Washer; Washer/Dryer Community Features: Curbs; Sidewalks Construction Materials: Brick Cooling: Central Air; Electric Exterior Features: Lighting; Private Entrance; Private Yard Fencing: Back Yard; Fenced; Gate Flooring: Carpet; Tile; Vinyl Foundation Details: Brick/Mortar Heating: Central; Natural Gas Interior Features: Double Vanity; Eat-in Kitchen; Granite Counters; High Ceilings; Kitchen Island; Walk-In Closet(s); Wired for Data; Wood Counters Laundry Features: Laundry Room; Main Level Listing Terms: Cash; Conventional Lot Features: Cul-De-Sac Parking Features: Attached; Concrete; Garage; Garage Door Opener; Garage Faces Front Patio And Porch Features: Covered; Front Porch; Patio; Porch; Rear Porch Road Frontage Type: City Street Road Surface Type: All Weather Roof: Composition Security Features: See Remarks Sewer: Public Sewer Special Listing Conditions: Standard Utilities: Cable Available; Electricity Available; Natural Gas Available Water Heater: Gas Water Source: Public Showing Considerations: See Remarks
Listing Office: Regal, REALTORS
Listing Agent: Pezhman Zaji
Last Updated: September - 21 - 2025
Information deemed reliable but not guaranteed.

Compare listings

Compare