1101 Wall St Midland, TX 79701
- Apartment buildings
- 9,000 SF
- 0.48 lot acres
Current Use by Public Records
- The Villas / Apartment Complex
- Affordable Car Insurance Quotes / Insurance Agency
Property Details for 1101 Wall St
- Year built
- 1947
- Lot size
- 0.48 lot acres
- Property size
- 9,000 SF
- Property type
- Apartment buildings
Description
Exceptional investment opportunity awaits with this 8-unit apartment building located at 1101 W Wall St, Midland, TX 79701. This Class A property, built in 1947 and extensively renovated in 2020, boasts a total of 9,000 square feet across two stories on a 0.48-acre lot. The building features a mix of unit sizes: eight units in total, with four two-bedroom units at 937 square feet each and four one-bedroom units at 712 square feet each. Ample parking is available with 20 spaces. Currently vacant, this property presents a unique chance to establish rental income immediately. The asking price is $2,500,000, or $312,500 per unit, with a price per square foot of $277.78. Situated in a prime location near Downtown Midland, this property benefits from its proximity to local amenities and businesses. The property is zoned B-1, offering flexibility for future development or operational adjustments. This is a rare chance to acquire a well-maintained, updated multifamily property in a thriving Texas market. The building's Class A finishes and convenient location make it an attractive option for tenants, ensuring strong rental demand. Don't miss this opportunity to capitalize on the Midland, Texas real estate market.
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
- -102.086
- Latitude
- 31.9965
