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310 Homestead Avenue, Lubbock, TX 79416

$4,250,000
Property Type: Residential Income Bedrooms: 3 Baths: 3 Square Footage: 28,324 Lot Size (sq. ft.): 51,096 Status: Active
Current Price: $4,250,000 List Date: 6/04/2025 Last Modified: 6/04/2025

Description

Seize the opportunity to invest in a newly constructed (2022) 17-unit townhome development located in the rapidly expanding northwest corridor of Lubbock, Texas. Positioned within the highly regarded Frenship Independent School District, this property offers both immediate rental income potential and long-term appreciation. The complex boasts an excellent rental history and is currently fully occupied, underscoring the strong demand for quality housing in the area. Each unit features a modern, low-maintenance design with xeriscaped front yards and artificial turf backyards, providing visual appeal while minimizing upkeep and water use. The property is uniquely structured with individually platted units, allowing for flexibility in ownership—whether selling individual townhomes or maintaining the entire complex as a single investment. The floorplans are thoughtfully designed with open-concept living areas, generous natural light, and high-quality finishes, making them attractive to both families and roommates. Residents enjoy easy access to the growing network of retail, dining, and entertainment venues emerging throughout Lubbock's northwest development path. Lubbock continues to thrive as a key economic and cultural hub in West Texas. With a metro population exceeding 318,000 and anchored by institutions like Texas Tech University and its Health Sciences Center, the city offers strong housing demand and a resilient rental market. The consistent presence of students, healthcare professionals, and educators contributes to long-term stability and growth in the area. Whether you're looking to diversify your portfolio or secure a turnkey asset in a growing community, this townhome complex presents a rare blend of modern design, operational ease, strong occupancy, and strategic location—making it a standout investment in the Lubbock market.

Supplements: ********

More Information MLS# 202555790

Contract Information

Current Price: $4,250,000 Original List Price: 4250000 List Price: $4,250,000 Status: Active Listing Contract Date: 2025-06-04 Property Sub Type: Multi Family Listing Agreement: Exclusive Right To Sell Owner Name: Quatro Locos LLC List Price/SqFt: 150.05

Location Tax and Legal

Street Number: 310 Street Name: Homestead Street Suffix: Avenue County: Lubbock State: TX Postal Code: 79416 Zone: 8

General Property Information

Bedrooms Total: 3 Bathrooms Full: 2 Bathrooms Half: 1 Total Bathrooms: 3 Above Grade Finished Area: 28324 Above Grade Finished Area Source: Public Records Living Area: 28324 Living Area Source: Public Records Accessibility Features YN: No Year Built: 2022 Year Built Source: Public Records Garage YN: Yes Attached Garage YN: Yes Garage Spaces: 2 Lot Size Acres: 1.173 Lot Size Square Feet: 51095.88 Lot Size Source: Public Records Stories Total: 2 Fireplace YN: No

Remarks and Miscellaneous

Public Remarks: Seize the opportunity to invest in a newly constructed (2022) 17-unit townhome development located in the rapidly expanding northwest corridor of Lubbock, Texas. Positioned within the highly regarded Frenship Independent School District, this property offers both immediate rental income potential and long-term appreciation. The complex boasts an excellent rental history and is currently fully occupied, underscoring the strong demand for quality housing in the area. Each unit features a modern, low-maintenance design with xeriscaped front yards and artificial turf backyards, providing visual appeal while minimizing upkeep and water use. The property is uniquely structured with individually platted units, allowing for flexibility in ownership—whether selling individual townhomes or maintaining the entire complex as a single investment. The floorplans are thoughtfully designed with open-concept living areas, generous natural light, and high-quality finishes, making them attractive to both families and roommates. Residents enjoy easy access to the growing network of retail, dining, and entertainment venues emerging throughout Lubbock's northwest development path. Lubbock continues to thrive as a key economic and cultural hub in West Texas. With a metro population exceeding 318,000 and anchored by institutions like Texas Tech University and its Health Sciences Center, the city offers strong housing demand and a resilient rental market. The consistent presence of students, healthcare professionals, and educators contributes to long-term stability and growth in the area. Whether you're looking to diversify your portfolio or secure a turnkey asset in a growing community, this townhome complex presents a rare blend of modern design, operational ease, strong occupancy, and strategic location—making it a standout investment in the Lubbock market.

Status Change Information

Major Change Timestamp: 2025-06-04T20:25:25Z Major Change Type: New Listing Status Change Timestamp: 2025-06-04

Unit One

Unit Number: 1 Unit SqFt: 10274 Beds Total: 15 Baths Total: 15 Unit Actual Rent: 11070 Garage Spaces: 10 Parking Details: Attached Fireplace YN: No Unit Condition: Updated/Remodeled Unit Description: Units 1-6

Unit Two

Unit Number: 2 Unit SqFt: 10274 Beds Total: 15 Baths Total: 15 Unit Actual Rent: 10070 Garage Spaces: 10 Parking Details: Attached Fireplace YN: No Unit Condition: Updated/Remodeled Unit Description: Units 7-11

Unit Three

Unit Number: 3 Unit SqFt: 7828 Beds Total: 15 Baths Total: 15 Unit Actual Rent: 10770 Garage Spaces: 2 Parking Details: Attached Fireplace YN: No Unit Condition: Updated/Remodeled Unit Description: Units 12-17

Title Company Information

Title Company: LubbockAbstract 82nd Title Company Address: 4505 82nd Street, Suite 1 Lubbock, TX 79424 Title Company Fax: (806) 798-9805 Title Company Phone: (806) 798-9800

Property Features

Appliances: Dishwasher; Electric Oven; Refrigerator; Stainless Steel Appliance(s) Architectural Style: Contemporary Construction Materials: Brick; Stone; Stucco Cooling: Ceiling Fan(s); Central Air; Electric Exterior Features: Private Yard Fencing: Back Yard; Fenced Flooring: Carpet; Tile Foundation Details: Slab Heating: Central; Natural Gas Interior Features: Breakfast Bar; Ceiling Fan(s); Double Vanity; Eat-in Kitchen; High Ceilings; Kitchen Island; Open Floorplan; Pantry; Quartz Counters; Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; Laundry Room; Washer Hookup Lease Term Options: 12 Months; Negotiable Listing Terms: Cash; Conventional Lot Features: Back Yard; Landscaped; Native Plants Parking Features: Attached; Driveway; Garage; Garage Faces Front; Private Patio And Porch Features: Covered; Front Porch; Patio Property Condition: Updated/Remodeled Road Frontage Type: City Street Road Surface Type: Concrete; Paved Roof: Composition Security Features: None Sewer: Public Sewer Tenant Pays: Electricity; Gas; Internet; Water Utilities: Cable Available; Electricity Available; Natural Gas Available; Sewer Available; Water Available Water Source: Public Showing Considerations: Pet(s) on Premises Documents: Survey

Documents

Listing Office: Williams & Company Real Estate
Listing Agent: Dan Williams
Last Updated: June - 04 - 2025
Information deemed reliable but not guaranteed.

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