3200 Dentcrest DrMidland, TX 79707

For Sale
$2,145,000
7-Unit Single-Family Home Portfolio

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a stabilized, seven-unit single-family rental portfolio located in Midland, Texas, at 3200 Dentcrest Dr, zip code 79707. The portfolio boasts a total of 13,578 square feet, with each unit offering ample living space. Built in 1982, this two-story property features a mix of three and four-bedroom homes, currently enjoying 100% occupancy. The portfolio generates a substantial net operating income (NOI) of $134,946 annually, representing a compelling 6.29% cap rate. The asking price is $2,145,000, translating to $157.98 per square foot. The property is zoned residential and includes two parking spaces per unit. Individual addresses within the portfolio include 3200 Dentcrest Dr, 3205 Dentcrest Dr (Units A & B), 3208 Dentcrest Dr, 3214 Dentcrest Dr, and 4803 Dentcrest Dr (Units A & B). This portfolio offers a strong return on investment in a desirable Midland location. The current monthly rental income totals $11,245.83. This is a turnkey investment perfect for a seasoned investor seeking immediate cash flow and long-term appreciation potential in a robust market. The property is situated in Midland County, Texas, and offers a rare opportunity to acquire a well-maintained, high-performing rental portfolio.

Highlights

  • Seven-property portfolio including 3200, 3205 (Units A & B), 3208, 3214, and 4803 (Units A & B) Dentcrest.
  • Generating $13,475 in monthly rental income.

Property Details for 3200 Dentcrest Dr

Property type
Residential income homes
Square Feet
13,578 SF
Year Built
1982
Stories
2
Units
7

Location Insight

City
Midland
County
Midland
State
Texas
Latitude
32.0133571
Longitude
-102.1469927
3200 Dentcrest Dr, Midland, Texas

FAQs

What type of property is this?
Residential income home - 7-Unit Single-Family Home Portfolio
Where is the residential income home located?
The property is located at 3200 Dentcrest Dr Midland, TX.
What is the asking price?
The asking price for this property is $2,145,000.
What are key features of this property?
This property features: Seven-property portfolio including 3200, 3205 (Units A & B), 3208, 3214, and 4803 (Units A & B) Dentcrest.; Generating $13,475 in monthly rental income.;
How can I contact the broker?
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3200 Dentcrest Dr
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