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About This Home
This 23-bedroom, 10-bathroom residential multi family at 312 E 34th Street in Lubbock, TX is listed for $285,000 ($27 per sqft). Built in 1955, the home offers 10,568 sqft of living space on a 0.97 acres lot.
Investment Opportunity: Multi-Family Value-Add Portfolio Unlock the Potential of this Diamond in the Rough For the visionary investor, this multi-family package offers the rare chance to revitalize a unique property and create something truly impactful.
Located at 312 E 34th, this assembly of homes is the definition of a "value-add" investment, offering immediate rental potential alongside significant long-term upside. Property Highlights: Five Individual 1-Bedroom Houses: These standalone units are nearly rent-ready.
With minor finishing touches, they are projected to command between $600-$700 per month each, providing an immediate and steady starting cash flow. One Duplex: A versatile structure currently requiring rehab. Once restored, this duplex will significantly increase the door count and monthly yield of the portfolio.
Large Sierra Trails Apartment Building: The centerpiece of the investment, this substantial building spans over 7,600 sq. ft. While it requires a more comprehensive renovation, its scale offers the greatest opportunity for equity growth and high-density rental income.
The Opportunity: Offered at $250,000, this Sierra trails portfolio is perfect for an investor looking to build a "buy-and-hold" empire or a developer ready to execute a high-margin "BRRRR" strategy. Don't miss the chance to transform this unique collection of properties into a cornerstone of your portfolio. The footprint is established, the square footage is there, and the upside is waiting for the right buyer. Price: $285,000 Location: 312 E 34th Total Units: 5 Houses + 1 Duplex + 1 Large Apartment Building (18 doors)
Key Features
- Built in 1955
- 0.97 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$1,524/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
312 E 34th Street
Lubbock, TX 79404
Property Details
Flooring
Parking
Heating
Questions & Answers
This 23-bedroom, 10-bathroom residential multi family at 312 E 34th Street is listed at $285,000 ($27/sqft). The estimated monthly payment is $1,235 based on 20% down at 6.5% interest.
Key features include: Built in 1955, 0.97 acre lot, 2 stories.
This property is listed by Tomas Rodriguez and can be reached at 3618163661 or running.trod@gmail.com.