2400 College Ave
Midland, TX 79701

$398,000 USD

Apartments For Sale • 2,499 SF

Property Details

Property Type Apartments
Total Building Size 2,499 SF
Lot Size 0.16 AC
Building Class C
Year Built 1948
Zoning SF2

50 Walk Score

                
                    Highlights
                
                                4-Unit Multifamily Property in Midland, TX | Available for sale or lease
                            
                                Cap Rate: 12.06% with Seller-Backed Income Guarantee
                            
                                ±2,499 SF Total Living Area across four efficiently designed units with full kitchen, bedroom, and bathroom layouts
                            
                                Fully Leased | 100% Occupancy with consistent unit layouts for simplified management
                            
                                Flexible Use Potential: rental housing, workforce housing, staff housing, or owner occupancy with value-add upside
                            
                                Master Lease Incentive: Up to 12 months at $4,000/month, with seller managing operations to provide stable income from day one