3206 Preston Dr Midland, TX 79707
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43-Unit Multifamily Investment, 100% Occupancy
Property size:
69,516 SFProperty Features for 3206 Preston Dr
General Information
- Property type
- Multifamily properties
- Square Feet
- 69,516 SF
Building Details
- Units
- 43
Listing Agency: The Agency KPJ Listing Agent: Kerri Payne James
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a stabilized portfolio of 43 single-family rental units located in Midland, Texas. Priced at $11,480,000, this portfolio boasts a total of 69,516 square feet and enjoys 100% occupancy. The properties are situated across 13 different street locations within desirable Midland neighborhoods. The portfolio predominantly comprises three-bedroom, two-bathroom duplexes and townhomes, each offering two parking spaces per unit. This is a turnkey investment ideal for those seeking immediate cash flow and strong returns. The portfolio's location in Midland, a thriving city within the heart of the Permian Basin's oil and gas industry, provides a stable and high-demand rental market. The properties are offered as a complete portfolio, presenting a rare opportunity to acquire a significant rental asset in a prime location. No ground lease is involved. This is a compelling investment opportunity for experienced investors seeking a substantial and well-performing rental portfolio in a robust market. The portfolio is currently structured for immediate income generation, offering a solid foundation for long-term growth and profitability. This is a unique chance to acquire a significant number of properties in a single transaction, streamlining the acquisition process and maximizing efficiency.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential income homes
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.1451644
- Latitude
- 32.0133152
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - 43-Unit Multifamily Investment, 100% Occupancy
Where is this multifamily property located?
The property is located at 3206 Preston Dr Midland, TX.
What is the asking price?
The asking price for this property is $11,480,000.
What are key features of this property?
This property features: 43-unit single-family rental portfolio in Midland, TX, priced at $11,480,000.; 69,516 square feet, 100% occupancy.; Located across 13 desirable Midland neighborhoods.