3203 Whittle WayMidland, TX 79707

For Sale
$1,070,000
Four-unit, stabilized investment property

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a four-unit single-family rental portfolio located at 3203 Whittle Way, Midland, TX 79707. The property boasts a total of 6,408 net rentable square feet, spread across four units, each with two parking spaces. Built in 1982, this stabilized portfolio currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $49,854 annually, representing a 4.66% cap rate. The asking price is $1,070,000, or $267,500 per unit, and $215.99 per square foot. Three of the four units are currently occupied, contributing to the strong monthly rental income of $5,110. This portfolio offers a compelling return on investment in a desirable Midland, Texas location within Midland County. The property's strong performance and high occupancy rate make it an attractive option for investors seeking a stable and profitable addition to their portfolio. This is a turnkey investment opportunity with immediate cash flow. The addresses included in this portfolio are 3203, 3229, and 3235 Whittle Way.

Highlights

  • Three-property portfolio located at 3203, 3229, and 3235 Whittle Way.
  • Fully occupied, generating $5,110 in monthly rental income.

Property Details for 3203 Whittle Way

Property type
Residential income homes
Square Feet
4,954 SF
Year Built
1982
Units
4

Location Insight

City
Midland
County
Midland
State
Texas
Latitude
32.0120728
Longitude
-102.1511444
3203 Whittle Way, Midland, Texas

FAQs

What type of property is this?
Residential income home - Four-unit, stabilized investment property
Where is the residential income home located?
The property is located at 3203 Whittle Way Midland, TX.
What is the asking price?
The asking price for this property is $1,070,000.
What are key features of this property?
This property features: Three-property portfolio located at 3203, 3229, and 3235 Whittle Way.; Fully occupied, generating $5,110 in monthly rental income.;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3203 Whittle Way
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message