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Apartments For Lease • 2,499 SF
| Name | Space Use | Size | Rent | Details |
|---|---|---|---|---|
| Grnd Floor Ste | Retail | 2,499 SF | Rate Upon Request | |
2400 College Avenue is a 4-unit residential property available for lease in Midland, TX. The property includes approximately 2,499 square feet of total living area across four individual units, each configured with dedicated living, kitchen, bedroom, and bathroom space. The layout is well-suited for workforce housing, staff housing, company housing, furnished rental use, or traditional residential occupancy, subject to applicable zoning, licensing, and local approvals. With separate units, covered porch areas, and a manageable small multifamily configuration, the property offers a practical housing solution for users seeking multiple units in one location.
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2400 College Avenue presents a unique multifamily investment opportunity in Midland, Texas, offering four 1-bedroom / 1-bathroom units totaling approximately 2,499 square feet. Positioned in an established neighborhood, the property provides investors with multiple income strategies, including long-term rentals, short-term rental conversion, or an Airbnb-focused operating model. The asset is located in one of Texas’s strongest energy-driven markets, where workforce housing, contractor demand, and corporate travel continue to support consistent rental demand. With a cap rate of 12.06%, property management already in place, and seller willingness to negotiate closing costs, this offering is well-positioned for investors seeking cash flow, upside, and operational flexibility. As an added incentive, the seller is offering the option to enter into a 12-month master lease at $4,000 per month, providing immediate, predictable income while the seller maintains occupancy and operations during the transition period. This structure is designed to reduce initial risk and deliver stable returns from day one of ownership.
| 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 |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Midland International Air And Space Port | 15 min | - | 9.4 mi |
Alonso Hernandez
ERES
Alonso Hernandez
ERES
