2400 College Ave - Apartments FOR SALE


Midland, TX 79701
$400,000 USD
432-425-9692
2400 College Ave, Midland, TX for Sale
$400,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

2400 College Ave
Midland, TX 79701


HIGHLIGHTS

  • 4-unit quadplex totaling approximately 2,499 SF
  • Each unit includes 1 bed / 1 bath at approximately 625 SF
  • Listed for sale at $400,000 with an 8% pro forma cap rate
  • Located in Midland, Texas, in the heart of the Permian Basin
  • Flexible rental opportunity for long-term, Airbnb, or short-term rental use
  • Seller may assist with up to 6% of closing costs; property management in place

OVERVIEW

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 rental demand. With a stated pro forma cap rate of 8%, seller willingness to negotiate closing costs, and property management already in place, this offering is positioned for investors seeking cash flow, upside, and operational flexibility.

FOR SALE DETAILS

PRICE

$400,000 USD

PRICE/SF

$160 USD /SF

# OF UNITS

4

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flexible 4-Unit Property Opportunity

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

SF2

APN/PARCEL ID

R000014-001

ASK ABOUT THIS PROPERTY

432-425-9692

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432-425-9692

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