Listed by Keller Williams Realty Midland
$550,000
12715 W 3rd St.
Details
Property Type Business for Sale, Land
Sub Type Business and Building, Commercial
Square Footage 6,375
Units 17
Cap Rate 10.3%
NOI $56,630
Occupancy 70%
Tenancy Multi
Price per SqFt $86
Year Built 2015
Buildings 1
Stories 1
Acreage 2.540
Zoning commercial, land
Investment Type Owner/User
Workforce Housing and land
Marketing description
This 17-bedroom income property in West Odessa offers an exceptional cash-flow opportunity situated on a sprawling 2.5-acre lot. Located in a prime area with high demand for workforce housing, the asset provides immediate revenue with significant room for rental growth. The expansive acreage also offers untapped potential for further development, such as additional units or storage. It is a rare find for investors seeking a high-yield residential portfolio in a strategic Texas hub.
Listing Contacts
Listed by Keller Williams Realty Midland
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$56,630.00
$4,719.17/mo
Valuation Metrics
0
DSCR
10.3%
Cap Rate
10.3%
ROI
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