5 Acres in Lamesa, TX - $380,000
Package Property - Lamesa, TX
Incredible investment opportunity! This 5-acre property, located just a quarter mile from Highway 87, features five residential units, including two brick homes and three mobile homes, along with two wells on-site. The rental income potential is strong, with current and past rents as follows:
- 3BR/2BA brick home - Currently rented for $1,200/month
- 1BR/1BA trailer - Last rented for $800/month
- 2BR/2BA trailer - Last rented for $800/month
- 3BR/2BA trailer - Last rented for $1,000/month (currently gutted and ready for remodel)
- 4BR/4BA brick home - Previously owner-occupied, offering potential for rental or primary residence
With two wells, multiple income-producing units, and easy access to Highway 87, this property is ideal for investors, multi-generational living, or those looking to generate passive income. Potential rental income easy surpasses the 1% rule. Don't miss this versatile an...
With two wells, multiple income-producing units, and easy access to Highway 87, this property is ideal for investors, multi-generational living, or those looking to generate passive income. Potential rental income easy surpasses the 1% rule. Don't miss this versatile and high-potential opportunity—contact me today for more details!
Copyright © 2025 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Directions
Approximately .25 miles due east of Highway 87
