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306 N Gary Ave Lamesa, TX

Rental Income $ 1,200 /mo
Investor Price $ 130,400
306 N Gary Ave,
Turnkey Available
  • 3 Bedrooms
  • 2 Bathrooms
  • 990 ft2

Property Description

Fully renovated 3BR/2BA with brand-new HVAC, water heater, updated plumbing/electrical, stylish interior finishes, and fenced backyard. Turnkey and move-in ready—an ideal home or rental opportunity in Lamesa!

Current Property Status

  • Turnkey & Tenant-Occupied – Start earning rental income from day one
  • Fully Renovated – No work needed, professionally managed
  • Ready to Close – Contact us now to secure this income-producing asset

Property Details

  • 3BR
  • 2BA
  • 990 sf
  • Year Built: 1960
  • Central Heating and Air Conditioning
  • Water Heater: Installed 8/12/2025
  • Carport
  • Fenced in backyard
  • 2025 Taxes: $1,185 (As reported by Realtor.com)

Completed Scope of Work

Interior:

  • General
    • Paint interior to include walls, ceilings, doors, trim throughout majority of the property
    • New luxury vinyl plank flooring installed throughout
    • New shoe molding installed at baseboards
    • Replaced lighting throughout
    • New interior door hardware
    • Installed new window blinds
  • Kitchen
    • Installed new plastic laminate countertops
    • Painted kitchen cabinets/new cabinet hardware
    • New kitchen tile backsplash
    • Installed new stainless steel sink/faucet
    • Installed new cabinets to enhance existing configuration
    • New kitchen appliances:
    • Range
    • Range Hood
  • Hall Bath
    • Installed new faucet
    • Installed new toilet
    • Installed new bathtub
    • Installed new tub/shower fixture
    • New vanity
    • Installed new tile at bath/shower surround
    • New toilet accessories
  • Both Baths
    • New vanity mirrors
  • HVAC/Plumbing/Electrical
    • Installed new central heating and air (furnace, condensing unit, thermostat)
    • Installed all new HVAC duct system
    • Installed new water heater
    • New PEX water lines to all fixtures (with the exception of the master bath)
    • New PVC drain lines under the house (with the exception of the master bath)
    • New PVC sewer line under the house (connected to existing PVC line out to the street)
    • Replaced all electrical receptacles and switches
    • New plumbing/electrical for washer and dryer hookup
    • New smoke and carbon monoxide detectors
    • New electrical panel and meter mast

Exterior

  • New exterior door hardware
  • New exterior light fixtures

Property Management

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

Address: 306 N Gary Ave
City:
State/County:
Zip: 79331
Country: United States

Property Id: 2789
Price: Investor Price $ 130,400
Price Info: Rental Income $ 1,200 /mo
Property Size: 990 ft2
Bedrooms: 3
Bathrooms: 2
Rental Income: $1,200/mo

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V Fredenburg

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