7602 60th Street, Lubbock, TX 79407
$4,700,000
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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.
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