Property summary
This exceptional 130-unit multifamily investment opportunity in Monahans, Texas, presents a compelling return. Priced at $8,000,000, the property boasts 71,742 net rentable square feet across eight buildings, each two stories high. Built in 1972 and 1984, the complex comprises the Pecan and Villa Apartments, offering a mix of one- to three-bedroom floor plans. The property features two on-site laundry rooms, a leasing office, and two swimming pools. Significant capital expenditures have… been made, including interior unit renovations and roof replacements. Located conveniently off Interstate-20, the property benefits from high rental demand and low competition in a strong workforce housing market. The trailing twelve months' gross income totaled $1,160,000. Projections indicate a 13.5% Year 1 cash-on-cash return and a 25.3% five-year levered IRR. Further value-add potential is estimated at $1,484,000, with an owner-adjusted cap rate of 9.0%. Monahans, situated near Odessa and Midland, is a key location in the Permian Basin, benefiting from a robust economy driven by oil production and other diverse industries. The median household income in Monahans is $65,438, supporting strong rental demand. This property offers a rare combination of immediate cash flow and significant long-term growth potential.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 properties nearbyComparable nearby
Similar Nearby for Sale
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Full Property Data
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- Location Insight
- Alternative use
- Local Zoning Insight
