6539 89th Street, Lubbock, TX 79424

• 3 beds |
• 2 baths |
• 1,365 sqft

Property Description

Investor opportunity with in-place income. This 3-bedroom, 2-bath home offers 1,365 sq ft and is currently leased at $1,500/month, providing immediate cash flow from day one. At $190,000, the deal sits just under the 1% rule. Which is exactly why there's room to create value. For investors focused on long-term holds, rent growth, and equity positioning, this is a play, not a pass. With targeted updates and rent optimization, there's clear upside to improve returns and push this asset closer to true cash-flow territory. The property offers a functional layout, strong rental appeal, and a large backyard that adds tenant desirability and future flexibility. Whether you're building a portfolio or adding a value-add asset, this is an opportunity to step into an income-producing property with upside already built into the numbers. This isn't a turnkey cash cow...it's a strategic buy for investors who know how to force appreciation and maximize returns.

Listing Status:

Active

Date Added:

April 27, 2026

Data Last Updated:

May 2, 2026 at 4:41PM

Listing Office:

The 32:18 Management Group : 806-319-1021

Listing Agent:

Madison Teague : 806-464-2352

MLS ID:

202605564

Interior

• General: Ceiling Fan(s)Granite CountersPantrySmart ThermostatWalk-In Closet(s)
• Appliances: DishwasherFree-Standing Electric RangeMicrowaveRefrigerator
• Laundry: Inside
• Flooring: TileVinyl
• A/C: Central Air
• Heating: Central

Exterior

• General: Private Yard
• Parking: AttachedGarage

Construction

• Roofing: Synthetic
• General: UnknownSlab

Location

• Road/Access: City Street
• Originating MLS: Lubbock Association of REALTORS®
• County: Lubbock

Lot

• Zoning: Monterey L 404R303270
• Fencing: Back Yard

Financial

• Source: Lubbock Association of REALTORS®