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1200 Scharbauer Dr Midland, TX 79705

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For Sale
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Five-unit, stabilized income property.

Property size:
6,720 SF

Property Features for 1200 Scharbauer Dr

General Information

Property type
Multifamily properties
Square Feet
6,720 SF

Building Details

Year Built
1981
Units
5

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Listing Contact
Kerri Payne James
Kerri Payne James

Listing Agency: The Agency KPJ Listing Agent: Kerri Payne James

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

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Property Insight Report

Overview

This exceptional investment opportunity presents a portfolio of five single-family rental homes located on Scharbauer Drive in Midland, Texas, 79705. The property, built in 1981, boasts a total of 6,720 square feet of net rentable space, with each unit commanding a price of $226,000. Currently operating at 100% occupancy, the portfolio generates a substantial net operating income (NOI) of $76,890 annually, representing a compelling 6.80% capitalization rate. The asking price for the entire portfolio is $1,130,000, translating to $168.15 per square foot. The properties are situated at 1200, 1202, 1204, 1210, and 1214 Scharbauer Drive, offering convenient access to local amenities and infrastructure. With a combined monthly rental income of $8,000, this portfolio provides a stable and lucrative investment opportunity in a thriving Texas market. Two parking spaces are available across the five units. This is a turnkey investment, ideal for those seeking immediate cash flow and long-term appreciation potential. The portfolio's strong performance and high occupancy rate make it an attractive proposition for discerning investors.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Residential income homes

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

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  • Local Demand
City
Midland
County
Midland
State
Texas
Longitude
-102.0934988
Latitude
32.0143942

FAQs

What type of property is this?
Multifamily property - Five-unit, stabilized income property.
Where is this multifamily property located?
The property is located at 1200 Scharbauer Dr Midland, TX.
What is the asking price?
The asking price for this property is $1,130,000.
What are key features of this property?
This property features: Five single-family homes located at 1200, 1202, 1204, 1210, and 1214 Scharbauer Drive, Midland, TX 79705.; 6,720 square feet of net rentable space.; 100% occupancy with $8,000 monthly rental income, generating a $76,890 annual NOI.
(432) 553-7443 Call to check price and availability
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