3205 Elma Dr, Midland, TX 79707

This exceptional investment opportunity presents a portfolio of five single-family homes located on Elma Drive in Midland, Texas, 79707. Built in 1982, these properties boast a combined 8,371 square feet of net rentable space, currently achieving 100% occupancy. Each unit offers two parking spaces. The portfolio generates a substantial net operating income (NOI) of $78,090 annually, representing a compelling 5.56% cap rate. The asking price is $1,405,000, or $281,000 per unit, and $167.84 per square foot. This stabilized investment is ideal for those seeking consistent cash flow in a strong rental market. The properties are situated in Midland County, a region known for its robust oil and gas industry, providing a stable tenant base. The portfolio's current monthly rental income totals $6,500. This is a turnkey investment opportunity with immediate cash flow potential. The addresses included are 3205, 3215, 3223, 3228, and 3231 Elma Drive. This is a rare chance to acquire a well-performing, multi-unit rental portfolio in a desirable location. The properties are all single-story homes.