310 Homestead Ave - Apartments FOR SALE


Lubbock, TX 79416- Northwest Lubbock
$4,250,000 USD
806-777-1310
310 Homestead Ave, Lubbock, TX for Sale
$4,250,000 USD
Apartments - FOR SALE
1/42
null | Request Cap Rate

310 Homestead Ave
Lubbock, TX 79416
Northwest Lubbock


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$150 USD /SF

# OF UNITS

17

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

310 Homestead Ave

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

-

APN/PARCEL ID

R342579

ASK ABOUT THIS PROPERTY

Dan WilliamsWilliams and Company Real EstateMore Info
806-777-1310

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Dan WilliamsWilliams and Company Real EstateMore Info
806-777-1310

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.