Flexible 4-Unit Property Opportunity in Midland
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Midland Quadplex Investment with Short Term Rental Upside
Building description
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 consistent rental demand. With a stated pro forma cap rate of 12.06%, property management already in place, and seller willingness to negotiate closing costs, this offering is well-positioned for investors seeking cash flow, upside, and operational flexibility.
As an added incentive, the seller is offering the option to enter into a 12-month master lease at $4,000 per month, providing immediate, predictable income while the seller maintains occupancy and operations during the transition period. This structure is designed to reduce initial risk and deliver stable returns from day one of ownership.
Building highlights
- 4-unit property located in Midland
- Available for sale or lease
- Sale price: $398,000
- Stated pro forma cap rate of 12.06%
- Seller guarantee for one year
- Approximately 2,499 SF of total living area
- Four individual units with functional, efficient layouts
- Each unit includes dedicated living, kitchen, bedroom, and bathroom areas
- Consistent unit layouts simplify leasing, maintenance, and management
- Property is fully leased with 100% occupancy
- Flexible income and occupancy potential
- Suitable for rental housing, workforce housing, staff housing, or owner occupancy
- Opportunity to generate income, occupy strategically, or reposition for added value
- Seller offering a Master Lease incentive of up to 12 months at $4,000/month, subject to agreed terms
- Under this structure, seller will manage occupancy and operations, providing stable income from day one
- Designed to reduce initial operational risk and ensure income stability during transition period
Listing Contacts
Property History
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