3308 2nd St Lubbock, TX 79415
Arnett Benson NeighborhoodEstimated payment $7,596/month
Total Views
2,098
3
Beds
2
Baths
1,088
Sq Ft
$1,287
Price per Sq Ft
Highlights
- Multiple cooling system units
- Lubbock High School Rated A-
- Central Heating and Cooling System
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $326
Year Built
- Built in 1947
Parking
- Driveway
Home Design
- 1,088 Sq Ft Home
- Fixer Upper
- Composition Roof
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
Additional Features
- Electric Range
- 6,500 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number R30509
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $326 | $17,949 | $3,600 | $14,349 |
| 2023 | $284 | $15,290 | $3,600 | $11,690 |
| 2022 | $324 | $15,989 | $3,600 | $12,389 |
| 2021 | $287 | $13,399 | $3,600 | $9,799 |
| 2020 | $569 | $26,168 | $3,600 | $22,568 |
| 2019 | $575 | $25,632 | $3,600 | $22,032 |
| 2018 | $1,016 | $45,190 | $3,600 | $41,590 |
| 2017 | $878 | $39,016 | $3,600 | $35,416 |
| 2016 | $840 | $37,306 | $2,000 | $35,306 |
| 2015 | $817 | $37,778 | $2,000 | $35,778 |
| 2014 | $817 | $36,760 | $2,000 | $34,760 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/09/2025 09/09/25 | For Sale | $1,400,000 | 0.0% | $1,287 / Sq Ft |
| 08/23/2025 08/23/25 | Pending | -- | -- | -- |
| 06/30/2025 06/30/25 | For Sale | $1,400,000 | -- | $1,287 / Sq Ft |
Source: Lubbock Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Vendors Lien | -- | Service Title | |
| Warranty Deed | -- | None Available | |
| Vendors Lien | -- | First American Title | |
| Trustee Deed | $32,400 | None Available | |
| Vendors Lien | -- | Sendera Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $146,693 | FHA | |
| Previous Owner | $24,600 | Purchase Money Mortgage | |
| Previous Owner | $50,150 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Lubbock, TX
Source: Lubbock Association of REALTORS®
MLS Number: 202557064
APN: R30509
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