4508 Cimmaron Ave Midland, TX 79707
- Residential income homes
- 10,507 SF
Current Use by Public Records
- Residential income homes
Property Details for 4508 Cimmaron Ave
- Property size
- 10,507 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of six individual single-family rental homes located in Midland, Texas. The properties boast a combined square footage of 10,507 and are situated in desirable neighborhoods. Currently operating at 100% occupancy, this stabilized investment generates a substantial net operating income (NOI) of $106,668 annually, representing a compelling 6.60% capitalization rate. Each home provides two parking spaces per unit. The asking price for this portfolio is $1,615,000, translating to a price per square foot of $153.71 and a price per unit of $269,167. The properties are zoned for residential use and offer a strong return on investment, particularly given Midland's robust economy. This is an ideal opportunity for investors seeking a stable, high-performing rental portfolio in a thriving Texas market. The portfolio's strong performance and high occupancy rate make it an attractive proposition for those seeking immediate cash flow and long-term appreciation. This package offers a turnkey solution for investors looking to expand their real estate holdings in a prime location. The properties are individually located at 4508 Cimmaron Ave, 1906 N. D St, 2617 Noel, 1406 Pecan, 3507 Andrews Hwy, and 4223 Siesta Ln, all within Midland, TX, zip code 79707.
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
- -102.1430142
- Latitude
- 32.0099315
