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    4508 Cimmaron Ave Midland, TX 79707

    Sponsored
    For Sale
    $1,615,000

    Six single-family homes, 100% occupied.

    Property size:
    10,507 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional investment opportunity presents a portfolio of six individual single-family rental homes located in Midland, Texas. The properties boast a combined square footage of 10,507 and are situated in desirable neighborhoods. Currently operating at 100% occupancy, this stabilized investment generates a substantial net operating income (NOI) of $106,668 annually, representing a compelling 6.60% capitalization rate. Each home provides two parking spaces per unit. The asking price for this portfolio is $1,615,000, translating to a price per square foot of $153.71 and a price per unit of $269,167. The properties are zoned for residential use and offer a strong return on investment, particularly given Midland's robust economy. This is an ideal opportunity for investors seeking a stable, high-performing rental portfolio in a thriving Texas market. The portfolio's strong performance and high occupancy rate make it an attractive proposition for those seeking immediate cash flow and long-term appreciation. This package offers a turnkey solution for investors looking to expand their real estate holdings in a prime location. The properties are individually located at 4508 Cimmaron Ave, 1906 N. D St, 2617 Noel, 1406 Pecan, 3507 Andrews Hwy, and 4223 Siesta Ln, all within Midland, TX, zip code 79707.

    Property Features for 4508 Cimmaron Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    10,507 SF

    Building Details

    Units
    6

    HighLights

    • Six single‑family homes in Midland, TX, offering 100% occupancy.
    • Portfolio generates $10,800 in monthly rental income.
    • Properties located at 4508 Cimmaron, 1906 N D St, 2617 Noel, 1408 Pecan, 3507 Andrews Hwy, and 4223 Siesta.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.1430142
    Latitude
    32.0099315

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    FAQs

    What type of property is this?
    Multifamily property - Six single-family homes, 100% occupied.
    Where is this multifamily property located?
    The property is located at 4508 Cimmaron Ave Midland, TX.
    What is the asking price?
    The asking price for this property is $1,615,000.
    What are key features of this property?
    This property features: Six single-family homes in Midland, TX, offering 100% occupancy.; Portfolio generates $10,800 in monthly rental income.; Properties located at 4508 Cimmaron, 1906 N D St, 2617 Noel, 1408 Pecan, 3507 Andrews Hwy, and 4223 Siesta.
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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
    4508 Cimmaron Ave Midland, TX 79707
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