5108 FM 307 - Commercial LAND FOR SALE


Midland, TX 79706 127,631 SF
$1,044,000 USD
432-688-8200
5108 FM 307, Midland, TX for Sale
$1,044,000 USD
Commercial LAND - FOR SALE
1/31
127,631 SF

5108 FM 307
Midland, TX 79706


HIGHLIGHTS

  • Modified Gross Leases
  • Unit A Rehabed Old 1925 Farm House 3 Bed 2 Bath 2400 sqft - $2000 a month
  • Unit B 2014 4 Bed 2 Bath 2340 sqft - $2200 2 year lease
  • Unit C 4 Bed 2 Bath 2050 sqft - 2250 a month 2 year lease
  • Unit D 3 Bed 2 Bath 2050 sqft - $2250 a month 2 year lease
  • 10 Cap $8700 a month or $104,400 a year

OVERVIEW

Fantastic Opportunity to Build your Rental Income Or Add to Existing Portfolio in Greenwood ISD on 2.93 Acres w/ 195’ of Frontage to FM 307 (4) Leased Units (3) w/ New 2 years. Rocks Throw to I-20, Close to Business Parks, & Greenwood ISD. Could be a possible value add by adding a few RV Spots. Work has been Done for you Wealth Starts Accruing Day 1. Modified Gross Leases Unit A Rehabed Old 1925 Farm House 3 Bed 2 Bath 2400 sqft - $2000 a month Unit B 2014 4 Bed 2 Bath 2340 sqft - $2200 2 year lease Unit C 4 Bed 2 Bath 2050 sqft - 2250 a month 2 year lease Unit D 3 Bed 2 Bath 2050 sqft - $2250 a month 2 year lease 10 Cap $8700 a month or $104,400 a year

FOR SALE DETAILS

PRICE

$1,044,000 USD

PRICE/ACRE

$356,313/AC

PRICE/SF

$8 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

FM 307 Investment Portfolio

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family

LAND ACRES

2.93 AC

LAND SF

127,631 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity

ZONING

-

APN/PARCEL ID

R000212437

ASK ABOUT THIS PROPERTY

Thomas JohnstonReal Estate RanchMore Info
432-688-8200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Thomas JohnstonReal Estate RanchMore Info
432-688-8200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.