2400 College Ave, Midland, TX 79701
2400 College Ave, Midland, TX 79701
2400 College Ave, Midland, TX 79701
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Kelly Clark

Kelly Clark

+1(432) 300-5590
$400,000
Est. payment /mo
4 Beds
4 Baths
2,500 SqFt
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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,500 sqft

Price per Sqft $160

Subdivision College Heights

MLS Listing ID 50095369

Bedrooms 4

Year Built 1948

Lot Size 7,013 Sqft

Property Sub-Type Quadruplex

Property Description

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 closing costs Existing property management in place Investment positioned for workforce housing, contractor housing, or short-term rental demand. Zone SF2 and, all inspections are to be done by the buyer and adequate will be given

Location

State TX

County Midland

Area Me7

Interior

Cooling Window Unit(s)

Appliance Electric Water Heater, Electric Range

Exterior

Fence Metal

Utilities Available Electricity Connected

Private Pool No

Building

Story One

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Schools

Elementary Schools 349

Middle Schools San Jacinto

High Schools Midland

School District Midland

Others

Acceptable Financing Cash, Conventional, FHA, Owner May Carry

Listing Terms Cash, Conventional, FHA, Owner May Carry

Virtual Tour https://tour.usamls.net/2400-College-Ave-Midland-TX-79701--50095369/unbranded

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Listed by ENERGY REAL ESTATE SOLUTIONS

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Kelly Clark

Kelly Clark

+1(432) 300-5590

Agent | License ID: 664951

Agent License ID: 664951

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