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    3206 Preston Dr Midland, TX 79707

    Sponsored
    For Sale
    $11,480,000

    43-Unit Multifamily Investment, 100% Occupancy

    Property size:
    69,516 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    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 Features for 3206 Preston Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    69,516 SF

    Building Details

    Units
    43

    HighLights

    • 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.
    • Primarily three‑bedroom, two‑bathroom duplexes and townhomes, each with two parking spaces.
    • Turnkey investment offering immediate cash flow and strong returns in the Permian Basin's oil and gas market.
    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
    -102.1451644
    Latitude
    32.0133152

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    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.
    Request Owner's contact information
    3206 Preston Dr 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
    3206 Preston Dr Midland, TX 79707
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