3208 Preston Dr, Midland, TX 79707

Building Details

Year Built

1982

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

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Overview

This offering presents an investment opportunity consisting of a 25-home portfolio located across several street locations in Midland, TX. The properties feature active leases and 100% tenant occupancy. Midland/Odessa is home to major Oil & Gas corporations. The majority of the homes are 3-bedroom, 2-bath duplexes or townhomes situated in subdivisions and neighborhoods. The total property size is 14750 square feet. The rental portfolio package is also being sold as 6 separate portfolios and contains 10 single-family residences on Preston Dr.

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

-102.1449714

Latitude

32.013376

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FAQs

What type of property is this?

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

Where is this multifamily property located?

The property is located at 3208 Preston Dr Midland, TX.

What is the asking price?

The asking price for this property is $2,525,000.

What are key features of this property?

This property features: 100% tenant occupancy with active leases, ensuring immediate rental income.; Portfolio of 25 homes in Midland, TX, offering diversification.; Located in Midland/Odessa, home to major Oil & Gas corporations, providing a stable tenant base for corporate housing.