Monahans Apartment Complex FOR SALE


Monahans, TX
$4,400,000 USD
432-978-6973
, Monahans, TX for Sale
$4,400,000 USD
FOR SALE
1/19
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Monahans Apartment Complex
Monahans, TX


HIGHLIGHTS

  • Total units: 22 (10 existing, 12 under construction)
  • Immediate income: Existing 10-unit building operating as corporate housing (most units furnished)
  • Near-term growth: 12 additional units coming online — ability to scale management and revenue quickly
  • Lower operating friction: Separate meters + all-electric utilities shift utility expense control to tenants/occupants
  • Flexible use: Short-term corporate housing, traditional monthly leases, or a blended strategy to maximize occupancy/revenue
  • Attractive local demand drivers: Proximity to Delaware Basin / Permian Basin workforce and related service industries

OVERVIEW

Two New-Construction Apartment Complexes in Monahans, TX, 22 Total Units, Turnkey Income + Growth Upside. Discover a rare off-market opportunity in Monahans: two newly built apartment properties that combine immediate cashflow with near-term growth potential. The first property is a completed, 10-unit complex currently serving as corporate housing. Unit mix: 8 × 2BR / 1.5BA and 2 × 1BR / 1BA. All units are occupied and 7 units are fully furnished and currently being used as Corporate Housing. The second property is under construction and will add 12 units at delivery: 5 × 2BR / 2BA and 7 × 1BR / 1BA. Together the two sites create a combined 22-unit portfolio ideal for an owner-operator, small syndicate, or investor seeking a compact, scalable multifamily play. Key features (both properties) Individual laundry rooms in each building Stylish, contemporary finishes and open-concept floorplans All-electric systems (no gas on site) Separately metered utilities for unit-level billing and reduced owner operating overhead Thoughtful unit mix that supports both short-term corporate stays and long-term residential leases Location & investment thesis: Positioned in Monahans and within easy reach of the Delaware Basin and the expanding Permian Basin, these properties benefit from regional energy-driven demand and workforce housing needs. The combination of turnkey furnished corporate housing (immediate cashflow) plus an under-construction building (near-term value creation) offers both stabilized income and upside from lease-up, market rent growth, or conversion to longer-term leases. Investment highlights: Total units: 22 (10 existing, 12 under construction) Immediate income: Existing 10-unit building operating as corporate housing (most units furnished) Near-term growth: 12 additional units coming online — ability to scale management and revenue quickly Lower operating friction: Separate meters + all-electric utilities shift utility expense control to tenants/occupants Flexible use: Short-term corporate housing, traditional monthly leases, or a blended strategy to maximize occupancy/revenue Attractive local demand drivers: Proximity to Delaware Basin / Permian Basin workforce and related service industries

ASK ABOUT THIS PROPERTY

Heather PrichardPrichard Commercial, The Prichard GroupMore Info
432-978-6973

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Heather PrichardPrichard Commercial, The Prichard GroupMore Info
432-978-6973

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