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1200 W Scharbauer Dr Midland, TX 79705

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25-home portfolio with 100% tenant occupancy in Midland, TX.

Type:Multifamily
Property size:
4,650 SF
Price / SF:
$169/SF
Added:
Mar 11, 2024
Days on Market:
776
Last Refresh:
Mar 17 at 1:25 pm

Property Features for 1200 W Scharbauer Dr

General Information

Standard status
Active
Size
4,650 SF
Property subtype
Multifamily

Building Details

Year Built
1981

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Listing Contact
Kerri Payne James

Listing agent Kerri Payne James License #TX 0591603

Listing office The Agency KPJ

Listing date Mar 11, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of The Agency KPJ


Overview

Midland TX Investment Opportunity

This offering presents an investment opportunity featuring a 25-home portfolio sale across several street locations in Midland, TX. The properties are currently under active leases with 100% tenant occupancy. The majority of the homes are 3-bed, 2-bath duplexes or townhomes, situated in subdivisions and neighborhoods. This portfolio may be suitable for corporate housing, given the presence of oil and gas corporations in the Midland/Odessa area. The rental portfolio package is also being sold as 6 separate portfolios, which includes 3 single-family residences on Scharbauer Dr. The property includes 4650 square feet of space.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

  • Map
  • Local Demand
City
Midland
County
Midland
State
Texas
Longitude
-102.093404
Latitude
32.0144033

FAQs

What type of property is this?
Duplex - 25-home portfolio with 100% tenant occupancy in Midland, TX.
Where is this duplex located?
The property is located at 1200 W Scharbauer Dr Midland, TX.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Portfolio of 25 homes with active leases and 100% tenant occupancy.; Located in Midland, TX, home to major Oil & Gas corporations.; Strong potential for committed profit on corporate housing.
More about this property
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