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About This Home
This 0-bedroom, 0-bathroom commercial at 2400 College Ave in Midland, TX is listed for $400,000 ($160 per sqft). Built in 1948, the home offers 2,499 sqft of living space on a 0.16 acres lot.
4-unit quadplex totaling approximately 2,499 SF All units are 1 bed / 1 bath, approximately 625 SF each Listed for sale at $400,000 Stated pro forma cap rate of 8% Located in Midland, TX, in the heart of the Permian Basin Opportunity to operate as long-term rentals or convert to Airbnb / short-term rental use Seller may assist with up to 6% of clos
ing costs Existing property management in place Investment positioned for workforce housing, contractor housing, or short-term rental demand. Zone SF2 and no "Seller Disclosure", all inspections are to be done by the buyer and adequate will be given
Key Features
- Built in 1948
- 0.16 acre lot
Property Details
Monthly Cost Estimate
$2,139/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2400 College Ave
Midland, TX 79701
College Heights
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 2400 College Ave is listed at $400,000 ($160/sqft). The estimated monthly payment is $1,733 based on 20% down at 6.5% interest.
Key features include: Built in 1948, 0.16 acre lot.
This property is listed by Alonso Hernandez and can be reached at 4324259692 or alonso.hernandez@erescompanies.com.
