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1408 N 5th St Lamesa, TX

Rental Income $ 1,250 /mo
Investor Price $ 138,000
1408 N 5th St,
Turnkey Available
  • 3 Bedrooms
  • 1 Bathrooms

Property Description

This fully updated 3BR/1BA single-family home in Lamesa, TX offers a spacious 1,489 sq ft turnkey rental opportunity with all major mechanicals brand new in 2025. Recently renovated, the property features new central HVAC, a new water heater, luxury vinyl plank flooring with carpeted bedrooms, new lighting and plumbing fixtures, fresh interior paint, a new bathtub with updated surround, new vanity, painted kitchen cabinets with updated hardware, and new window blinds throughout. With a fenced backyard, single-car garage plus carport, 2024 taxes reported at $2,247, and professional management available through Five16 Properties at 10% with a $500 placement fee, this move-in-ready property is designed to attract quality tenants and deliver dependable cash flow with minimal owner effort from day one.

Property Details:

  • 3BR
  • 1BA
  • 1,489 sf
  • Year Built: 1988
  • Central Heating and Air Conditioning – Installed 2025
  • Water heater – installed 2025
  • Fenced-in backyard
  • Single car garage and carport
  • 2024 Taxes (as reported by realtor.com): $2,247

Completed Scope of Work:

  • Interior
    • Installed new central heating and air (furnace and condensing unit)
    • Installed new water heater
    • Paint interior to include walls, ceilings, doors, trim
    • New flooring throughout
      • Luxury vinyl plank flooring
      • Carpet
    • Replaced lighting throughout
    • Replaced plumbing fixtures throughout
    • Installed new bathtub
    • New bathtub/shower surround
    • New vanity in bath
    • Replaced all door hardware
    • Painted kitchen cabinets/installed cabinet hardware
    • Installed new window blinds

Property Management Details:

  • Five16 Properties
  • Cost: 10% of Rental Income
  • Tenant Placement Fee: $500

Address: 1408 N 5th St
City:
State/County:
Zip: 79331
Country: United States

Property Id: 2515
Price: Investor Price $ 138,000
Price Info: Rental Income $ 1,250 /mo
Bedrooms: 3
Bathrooms: 1
Rental Income: $1,250/mo

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