Located just two blocks from Texas Tech University in the highly sought-after Tech Terrace neighborhood, this charming 3-bedroom, 2-bathroom cottage offers character, convenience, and additional income potential. Original hardwood floors and exposed wood ceilings bring warmth and personality to the main living areas, while numerous updates add functionality throughout the home. The kitchen and both bathrooms have been previously renovated, and the original hardwood floors have been refinished throughout most of the home. The kitchen comes equipped with stainless steel appliances, including the refrigerator/freezer, dishwasher, gas range with convection oven, microwave, and countertop ice maker. Washer and electric dryer also convey with the property. Dual-pane, high-impact storm windows by Window World provide an additional upgrade. A unique feature of the property is the registered studio apartment attached to the garage, currently occupied by a long-term tenant of nearly six years and generating more than $540 per month in rental income. The studio features its own mini-split system, with an additional mini-split located in the third bedroom of the main home. The property also includes a registered FEMA tornado flat safe shelter installed into the garage's concrete floor. Outside, the large, fully fenced backyard provides plenty of usable space and includes alley access with the ability to accommodate RV parking. The driveway offers generous off-street parking for approximately 4-5 vehicles in addition to the small one-car garage. With its prime location near Texas Tech, established rental income, distinctive character, and flexible outdoor space, this Tech Terrace property offers a variety of possibilities for homeowners and investors alike. Property is being sold AS-IS. Seller financing is not available.