308 S 11th St Slaton, TX 79364
Estimated payment $639/month
Total Views
4,760
3
Beds
2
Baths
1,049
Sq Ft
$94
Price per Sq Ft
Highlights
- Popular Property
- Wood Flooring
- Front Porch
- Traditional Architecture
- Corner Lot
- In-Law or Guest Suite
About This Home
This is the kind of investment opportunity that checks every box: strong cash flow, future upside, and a turnkey tenant in place. Located on a spacious corner lot in Slaton, TX, this 3-bedroom, 2-bath property currently exceeds the sought-after 1% rule.
A 2-year lease is in place, providing immediate, reliable rental income with no downtime. The home is currently occupied as a single-family residence, but savvy investors will appreciate the value-add potential. With minimal modifications, the layout could be reconfigured to create two separate units.
The front portion of the home would serve as a comfortable 2-bedroom residence, that accounts for the listed 1049 sq ft. The attached rear unit—offering an additional 650 sq ft—could function as an efficiency apartment, complete with its own kitchenette, private bathroom, and shared laundry access. This flexible configuration offers the ability to maximize rent and cater to a broader tenant base.
Whether you're building your portfolio or looking for a solid addition with immediate returns and long-term potential, this well-positioned corner property is an ideal pick. Reach out today for income details and to schedule a private tour.
Home Details
Home Type
- Single Family
Year Built
- Built in 1945
Lot Details
- 7,000 Sq Ft Lot
- Corner Lot
Parking
- 2 Attached Carport Spaces
Home Design
- Traditional Architecture
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 1,049 Sq Ft Home
- 1-Story Property
- No Kitchen Appliances
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- In-Law or Guest Suite
- 2 Full Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Outdoor Features
- Front Porch
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number R118821
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | For Sale | $99,000 | -- | $94 / Sq Ft |
Source: Lubbock Association of REALTORS®
Similar Homes in Slaton, TX
Source: Lubbock Association of REALTORS®
MLS Number: 202557098
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