1412 Mockingbird Ln Midland, TX 79705
Cash-flowing multifamily property with significant rent growth potential.
Type:Multifamily Housing
- Added:
- Apr 14, 2026
- Days on Market:
- 12
- Last Refresh:
- Apr 14 at 11:30 am
Property Features for 1412 Mockingbird Ln
General Information
- Standard status
- Active
- Property subtype
- Multifamily Housing
Building Details
- Year Built
- 2019
Listing agent BART WICKARD
Listing office
Listing date Apr 14, 2026
Source Properties.berkadia
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 BART WICKARD
Overview
High-Yield Multifamily Investment Opportunity
This multifamily property presents an opportunity for investors seeking immediate cash flow, with an existing cash-on-cash yield exceeding 8%. Current in-place rents are approximately 5.36% below market rates, providing a clear opportunity to increase yield through rent adjustments. Effective rents at the property have increased 8.28% year-over-year, indicating strong demand and the potential for continued rent growth under new ownership. The property is offered at a discount to current replacement cost, allowing investors to acquire a stabilized, income-producing asset at a lower basis than new construction costs. With no new supply delivering to the whole market, no concessions currently being offered, 2025 evidenced market rent growth of 9.3% showcasing the asset’s ideal position to capitalize on a constrained competitive set and outsized near-term rent growth.
Location Intelligence
Current Use by Public Records
The Woodford on Mockingbird
Apartment Complex
Pure water
Specialty Food Shop
Building Confidence
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.094411
- Latitude
- 32.056555
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Cash-flowing multifamily property with significant rent growth potential.
Where is this apartment building located?
The property is located at 1412 Mockingbird Ln Midland, TX.
What are key features of this property?
This property features: Enjoy an **8+% cash‑on‑cash yield** from day one.; Increase yield through mark‑to‑market rent growth (current rents 5.36% below market).; Available at a significant discount to current replacement cost.
