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307 N F M 789

Slaton, TX 79364
  • $3,000,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 202612276
UPDATED: 80 min ago
$3,000,000
  • 3
    BEDS
  • 1.38
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 1,626
    SQFT
  • $1,845
    $/SQFT
Neighborhood:
5
Type:
Multi-Family
Built:
2025
County:
Area:
5

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Excellent investment opportunity near Slaton, Texas! This portfolio includes 10 single-family rental homes, all built in 2025, offering investors the opportunity to acquire a consistent, newer-construction rental portfolio with strong income potential and multiple exit strategies. Each home features approximately 1,626 square feet, 3 bedrooms, 2.5 bathrooms, and a 2-car garage, for a combined 16,260 square feet across the portfolio. Current scheduled rent is $2,250 per home per month, providing potential gross rental income of $22,500 monthly / $270,000 annually. The portfolio includes existing tenants and rental history. Newer construction may provide reduced near-term maintenance and capital expenditure needs compared with older rental properties. Unlike a traditional multifamily property, these individually configured homes provide additional flexibility for an investor to hold the entire portfolio for rental income or potentially sell individual properties over time. Property taxes are currently being contested, and updated tax information will be provided when available. Rent roll, financial information, and additional property documentation available to qualified buyers. Buyer to independently verify all financial information, rental income, expenses, taxes, measurements, valuations, and projections.

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© 2026 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-10-13T19:58:42.423.
www.theblurealty.com/homes/180839312
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307 N F M 789 Slaton, TX 79364

  • Price: $3,000,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 80 min ago
  • MLS #: 202612276
3
Beds
2
Baths
1
½ Baths
1.38
Acres
1,626
SQFT
$1,845
$/SQFT
2025
Built
Neighborhood:
5
County:
Lubbock
Area:
5
Elementary School:
Roosevelt
Middle School:
Roosevelt
High School:
Roosevelt
School District:
Roosevelt Isd
Property Description
Excellent investment opportunity near Slaton, Texas! This portfolio includes 10 single-family rental homes, all built in 2025, offering investors the opportunity to acquire a consistent, newer-construction rental portfolio with strong income potential and multiple exit strategies. Each home features approximately 1,626 square feet, 3 bedrooms, 2.5 bathrooms, and a 2-car garage, for a combined 16,260 square feet across the portfolio. Current scheduled rent is $2,250 per home per month, providing potential gross rental income of $22,500 monthly / $270,000 annually. The portfolio includes existing tenants and rental history. Newer construction may provide reduced near-term maintenance and capital expenditure needs compared with older rental properties. Unlike a traditional multifamily property, these individually configured homes provide additional flexibility for an investor to hold the entire portfolio for rental income or potentially sell individual properties over time. Property taxes are currently being contested, and updated tax information will be provided when available. Rent roll, financial information, and additional property documentation available to qualified buyers. Buyer to independently verify all financial information, rental income, expenses, taxes, measurements, valuations, and projections.
Exterior Features

Architectural Style Ranch Attached Garage YN No Construction Materials Other Exterior Features Awning(s)Private Yard Foundation Details Brick/Mortar Parking Features DrivewayGravelOff Street Patio And Porch Features Awning(s)Front PorchRear Porch Pool Features [] Roof Composition Spa Features [] Window Features []

Interior Features

Above Grade Finished Area 1626 Appliances DishwasherDisposalElectric OvenElectric RangeMicrowave Basement [] Common Walls [] Cooling Ceiling Fan(s)Central Air Cooling YN Yes Flooring Luxury Vinyl Heating Central Heating YN Yes Interior Features Ceiling Fan(s)Double VanityKitchen IslandQuartz CountersWalk-In Closet(s) Laundry Features Electric Dryer HookupWasher Hookup

Property Features

Accessibility Features [] Association Amenities [] Association Fee Includes [] Community Features [] Door Features [] Fencing PipeWire Green Energy Generation [] Listing Terms Conventional Lot Features Back Yard New Construction YN No Other Equipment [] Other Structures [] PIDPUDNone Yes Property Attached YN No Property Condition [] Property Sub Type Package Property Road Frontage Type FM Road Road Surface Type Paved Security Features [] Sewer Private Sewer Special Listing Conditions [] Tenant Pays [] Utilities Cable AvailableElectricity ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected Water Source Private Waterfront Features []

Listing provided courtesy of Daniel Ewing of Panhandle Realty Group: 806-318-8207. Listing information © 2026 Lubbock Association of REALTORS® MLS.


© 2026 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-10-13T19:58:42.423.
 
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Blu Realty | Better Homes and Gardens Real Estate
5602 114th Street
Lubbock TX, 79424