3200 Dentcrest DrMidland, TX 79707

Property Details for 3200 Dentcrest Dr

Year built

1982

Property size (Sq ft)

13,578 SF

Property type

Residential income homes

Description

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.

Location Insight

City

Midland

County

Midland

State

Texas

Latitude

32.0134

Longitude

-102.147

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