3206 Preston Dr Midland, TX 79707
- Residential income homes
- 69,516 SF
Current Use by Public Records
- Residential income homes
Property Details for 3206 Preston Dr
- Property size
- 69,516 SF
- Property type
- Residential income homes
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.1451644
- Latitude
- 32.0133152
