REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 400,000
Est. payment /mo
Active
2400 College Ave Midland, TX 79701
2,499 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,499 sqft
Price per Sqft $160
Subdivision College Heights
MLS Listing ID 50095196
Year Built 1948
Lot Size 7,013 Sqft
Property Sub-Type Retail
Property Description
4-unit quadplex totaling approximately 2,499 SF All units are 1 bed / 1 bath, approximately 625 SF each Listed for sale at $400,000 Stated pro forma cap rate of 8% Located in Midland, TX, in the heart of the Permian Basin Opportunity to operate as long-term rentals or convert to Airbnb / short-term rental use Seller may assist with up to 6% of closing costs Existing property management in place Investment positioned for workforce housing, contractor housing, or short-term rental demand. Zone SF2 and no "Seller Disclosure", all inspections are to be done by the buyer and adequate will be given
Location
State TX
County Midland
Area Me7
Interior
Interior Features Ceiling Height: Less than 20 ft
Cooling Electric, Window Unit(s)
Exterior
Parking Features Paved
Fence Other
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Private Pool No
Building
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Others
Acceptable Financing Cash, Conventional, Owner Will Carry
Listing Terms Cash, Conventional, Owner Will Carry
Listed by ENERGY REAL ESTATE SOLUTIONS