Technical
Financial
Distress signals
Property profile

3206 Preston Dr Midland, TX 79707

OFF-MARKET
Commercial real estate
Property ID
US82-1296082
69,516 SF Built 1982
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Property summary

AI-generated overview

This exceptional investment portfolio comprises 35+ tenant-occupied and vacant properties located in prime rental areas of Midland, Texas. The portfolio offers a compelling opportunity for investors seeking immediate cash flow and significant long-term appreciation. The majority of the properties are well-maintained three-bedroom, two-bathroom duplexes and townhomes, with a mix of four-bedroom and two-bedroom units also included. This is a bulk sale, offering the entire portfolio as a single package, presenting a streamlined acquisition process. The properties are strategically situated across several desirable streets, including Dentcrest, Elma, Preston, Scharbauer Drive, Shell, and Whittle Way, ensuring strong rental demand and occupancy rates. The total square footage across all properties is 69,516 square feet, situated on a combined land area of zero acres. The asking price for this exceptional investment opportunity is $9,440,000. This portfolio presents a rare chance to acquire a substantial, diversified multifamily investment in a thriving Texas market with proven rental income and significant upside potential. The seller is motivated and ready to close quickly. Detailed property information and financial statements are available upon request. This is a turnkey investment ready for immediate income generation.

Property profile

Verified
Property type Commercial real estate
Year built 1982
Total area 69,516 SF
UPID US82-1296082

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3206 Preston Dr Midland, TX 79707
Midland metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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