1503 N 13th St Lamesa, TX

This fully renovated 4-bedroom, 1.5-bath ranch in a high-demand rental market is now leased and generating rental income. With updated systems, stylish finishes, and professional property management already in place, this turnkey property is move-in ready and offers immediate cash flow for the hands-off investor.

• Renovations Completed – Move-in Ready
• Tenant Placed – Earning Monthly Rental Income
• Turnkey Investment Available Now

Property Details

• 4BR
• 1.5BA
• 1,144 sf
• Year Built: 1950
• Single story Ranch
• Central Heating and Air Conditioning
• Water Heater manufacture date: 2 June 2021
• Carport
• Fenced in backyard
• 2024 Taxes (as reported by realtor.com): $576

Completed Scope of Work

• Modified floorplan, added 1 bedroom
• Installed new central heating and air (furnace and condensing unit)
• Patched siding, new siding on back of house
• Painted exterior
• Paint interior to include walls, ceilings, doors, trim
• New luxury vinyl plank flooring installed throughout
• New baseboard
• Replaced lighting throughout
• Replaced plumbing fixtures throughout
• Installed new bathtub
• New tile bathtub surround
• New vanity in bath and half bath
• New toilet accessories in both baths
• Replaced all door hardware
• Painted kitchen cabinets/installed cabinet hardware
• New plastic laminate countertops and tile backsplash
• Installed new kitchen sink/faucet
• Installed new range/oven combo
• Replaced all electrical receptacles and switches
• Installed new window blinds
• Installed new washer/dryer hookups

Property Management

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