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    3205 Elma Dr Midland, TX 79707

    For Sale
    $1,405,000

    Five-Home Portfolio, High Occupancy

    Property size:
    8,371 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents a portfolio of five homes located at 3205 Elma Drive, Midland, TX. The properties, totaling 8,371 square feet and situated on a 0.32-acre lot, are currently 100% occupied, generating a substantial monthly income of $8,100 from tenant leases. This represents a strong, stable cash flow for the investor. The homes are part of a larger 35-home portfolio, although this listing focuses specifically on this five-home package. Each home is individually leased, providing diversification and minimizing risk. The properties are classified as General Commercial real estate. This is an ideal investment for those seeking a proven, high-yield rental portfolio in a thriving Texas market. The asking price for this specific five-home package is $1,405,000. This represents a compelling opportunity to acquire a turnkey investment with immediate positive cash flow. The location in Midland, TX offers strong potential for future appreciation. Detailed financial statements and lease agreements are available upon request. This is a rare opportunity to acquire a well-managed, high-performing rental portfolio in a desirable location. Don't miss out on this chance to secure a significant return on your investment. Serious inquiries only.

    Property Features for 3205 Elma Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,371 SF
    Lot Size
    13,939 SF

    Building Details

    Year Built
    1982
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.1466
    Latitude
    32.01341

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    FAQs

    What type of property is this?
    Commercial real estate - Five-Home Portfolio, High Occupancy
    Where is this commercial real estate located?
    The property is located at 3205 Elma Dr Midland, TX.
    What is the asking price?
    The asking price for this property is $1,405,000.
    (432) 683-1000
    Request Owner's contact information
    3205 Elma Dr Midland, TX 79707
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    Midland, TX 79707
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3205 Elma Dr Midland, TX 79707
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