4204 40th Street, Lubbock, TX 79413
- Beds
- 5
- Baths
- 3
- Sqft
- 4,248
View property features, location on map, relevant school information and overview from seller's agent.
- 4
- 0
Overview
**4,200+ SF Income Property — Priced $61K Below Tax Value**
Turn-key cash flow with an established, long-term business tenant (sober living facility) already in place and renting at the true 1% rule. Tenants have expressed a desire to remain and continue renewing, offering dependable, contracted income from Day 1. Three thoughtful additions expand the original footprint to over 4,200 sq ft, creating flexible spaces ideal for a home-based business or versatile live-work layout (buyer to verify permitted uses). Inside and out, you'll find ample storage, plus multiple over-sized rooms that function as offices, meeting areas, or secondary living spaces. The brick exterior and practical design support low-maintenance ownership, while the significant discount—$61,000 under tax value—adds built-in equity and room for future improvements.
Showings by appointment with appropriate notice to respect the occupants. If you're an investor seeking steady returns with a unique, high-square-footage asset, this one checks the boxes.
Location
Full feature list
Basic info
- Property type
- House
- Number of bedrooms
- 5
- Number of bathrooms
- 3
- Square feet
- 4,248
- Lot size (acres)
- 0.37
- Year built
- 1953
Interior features
- Fireplaces
- 2
Utilities
- Heating
- Central
- Cooling
- Central air
Taxes
- Tax Annual Amount
- $6,062
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Lubbock Association of Realtors MLS®#: 202559560 Last checked: …
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