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3206 Preston Dr Midland, TX 79707

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For Sale
Contact for pricing

43-Unit Multifamily Investment, 100% Occupancy

Property size:
69,516 SF

Property Features for 3206 Preston Dr

General Information

Property type
Multifamily properties
Square Feet
69,516 SF

Building Details

Units
43

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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 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

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
-102.1451644
Latitude
32.0133152

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.
(432) 553-7443 Call to check price and availability
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