2400 College Avenue
Multifamily | 12.06% CAP | 4 Units
Marketing 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 cap rate of 12.06%, 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.
Investment highlights
- 4-unit property located in Midland
- Available for sale or lease
- 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
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