For Sale
$11,480,000

3206 Preston DrMidland, TX 79707

43-Unit Multifamily Investment, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a stabilized portfolio of 43 single-family rental units located in Midland, Texas. Priced at $11,480,000, this portfolio boasts a total of 69,516 square feet and enjoys 100% occupancy. The properties are situated across 13 different street locations within desirable Midland neighborhoods. The portfolio predominantly comprises three-bedroom, two-bathroom duplexes and townhomes, each offering two parking spaces per unit. This is a turnkey investment ideal for those seeking immediate cash flow and strong returns. The portfolio's location in Midland, a thriving city within the heart of the Permian Basin's oil and gas industry, provides a stable and high-demand rental market. The properties are offered as a complete portfolio, presenting a rare opportunity to acquire a significant rental asset in a prime location. No ground lease is involved. This is a compelling investment opportunity for experienced investors seeking a substantial and well-performing rental portfolio in a robust market. The portfolio is currently structured for immediate income generation, offering a solid foundation for long-term growth and profitability. This is a unique chance to acquire a significant number of properties in a single transaction, streamlining the acquisition process and maximizing efficiency.

Highlights

  • 43-unit single-family rental portfolio in Midland, TX, priced at $11,480,000.
  • 69,516 square feet, 100% occupancy.
  • Located across 13 desirable Midland neighborhoods.
  • Primarily three-bedroom, two-bathroom duplexes and townhomes, each with two parking spaces.
  • Turnkey investment offering immediate cash flow and strong returns in the Permian Basin's oil and gas market.

Property Details for 3206 Preston Dr

Property type
Residential income homes
Square Feet
69,516 SF
Units
43

Location Insight

City
Midland
County
Midland
State
Texas
Latitude
32.0133152
Longitude
-102.1451644
3206 Preston Dr, Midland, Texas

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3206 Preston Dr
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