1200 W Scharbauer Dr Midland, TX 79705

This exceptional investment opportunity presents a portfolio of five single-family rental homes located on Scharbauer Drive in Midland, Texas, 79705. The property, built in 1981, boasts a total of 6,720 square feet of net rentable space, with each unit commanding a price of $226,000. Currently operating at 100% occupancy, the portfolio generates a substantial net operating income (NOI) of $76,890 annually, representing a compelling 6.80% capitalization rate. The asking price for the entire portfolio is $1,130,000, translating to $168.15 per square foot. The properties are situated at 1200, 1202, 1204, 1210, and 1214 Scharbauer Drive, offering convenient access to local amenities and infrastructure. With a combined monthly rental income of $8,000, this portfolio provides a stable and lucrative investment opportunity in a thriving Texas market. Two parking spaces are available across the five units. This is a turnkey investment, ideal for those seeking immediate cash flow and long-term appreciation potential. The portfolio's strong performance and high occupancy rate make it an attractive proposition for discerning investors.