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32396036
32396066

405 West 4th Street, Monahans, TX 79756 For Sale

HP
TX 0486680, TN 373213 (+2)
The Prichard Group
KP
TX 0688613
Listed by The Prichard Group
$1,720,000
71 days on market
Updated 71 days ago

405 West 4th St. Monahans, Texas 79756

Details
APN 28-4806000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,000
Units 16
NOI $16,709
Year Built 1925
Acreage 0.320

Investment Opportunity - 8 Door Apartment Complex

Marketing description

Excellent investment opportunity in the heart of Monahans, Texas! This 5,000 sq ft multifamily property sits on .32 acres in the highly desirable Delaware Basin region. Featuring 8 newly built 2BR/1.5BA apartment units with modern finishes and strong tenant appeal, this turnkey asset is perfectly positioned to benefit from the continued growth of the oil and gas industry. Conveniently located near major employers, shopping, dining, and everyday amenities, this property offers strong income potential, long-term stability, and excellent upside in one of West Texas’ most active rental markets.

Investment highlights

8-door apartment complex featuring spacious 2BR/1.5BA units located in the heart of the Delaware Basin in Monahans, Texas. This turnkey investment opportunity offers modern construction, attractive finishes, and strong tenant appeal in one of the nation’s most active energy markets. Conveniently located near major employers, shopping, and dining, the property is well-positioned for long-term growth and stable cash flow in a high-demand workforce housing market.

Listing Contacts

HP
TX 0486680, TN 373213 (+2)
The Prichard Group
KP
TX 0688613
Listed by The Prichard Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$16,708.73
$1,392.39/mo

Valuation Metrics

0
DSCR
0.97%
Cap Rate
0.97%
ROI

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Additional Information

Name
Heather Prichard
License
0486680
Brokerage
The Prichard Group
Brokerage Phone
432-978-6973
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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