3208 Preston DrMidland, TX 79707

This exceptional investment opportunity presents a stabilized, 10-unit single-family rental portfolio located in Midland, Texas, at 3208 Preston Dr, zip code 79707. The portfolio boasts a total of 16,210 square feet and commands a compelling asking price of $2,525,000, translating to $155.77 per square foot and $252,500 per unit. Built in 1982, this portfolio currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $74,358 annually, representing a 2.94% cap rate. Each unit includes two parking spaces. The properties are situated within desirable Midland neighborhoods, offering strong potential for continued rental income growth. This portfolio presents a rare opportunity to acquire a well-performing, cash-flowing investment in a robust Texas market. The properties are individually addressed along Preston Dr. This is a turnkey investment ideal for those seeking immediate cash flow and long-term appreciation in a thriving area. The current monthly income is $9,700. This portfolio is being sold as a single package.