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 rental demand. With a stated pro forma cap rate of 8%, seller willingness to negotiate closing costs, and property management already in place, this offering is positioned for investors seeking cash flow, upside, and operational flexibility.
Building highlights
- 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
Listing Contacts
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Property History
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