601 George Ave - Apartments FOR SALE


Midland, TX 79705
$5,699,999 USD
915-502-1439
601 George Ave, Midland, TX for Sale
$5,699,999 USD
Apartments - FOR SALE
1/58
null | Request Cap Rate

601 George Ave
Midland, TX 79705


OVERVIEW

Located at 601 George Avenue, Midland, Texas 79705, this 31-unit townhome-style apartment complex offers over 90% occupancy, providing immediate rental income and a strong addition to any investor’s portfolio. A few vacant units are available for viewing, with full access possible under escrow. The majority of units have received cosmetic updates, enhancing tenant appeal and rental potential. Conveniently located just 10 minutes from I-20, the property ensures easy access to Midland, Odessa, and nearby amenities. Midland’s population continues to grow, driven by the booming oil and gas industry. The Permian Basin is on track to reach record crude oil production of 6.6 million barrels per day by 2025, fueling housing demand and solidifying this property’s investment value. Investors can also benefit from a custom portfolio loan and up to a 1% rebate of the loan amount through All Western Mortgage. Don’t miss this chance to own a high-performing asset in one of Texas’s most dynamic markets. Contact us today to learn more!

FOR SALE DETAILS

PRICE

$5,699,999 USD

PRICE/SF

$20 USD /SF

# OF UNITS

31

PRICE/UNIT

$183,871

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

65

LAND DETAILS

LAND ACRES

4.1 AC

LAND SF

178,639 SF

ZONING

-

APN/PARCEL ID

R000047-649

ASK ABOUT THIS PROPERTY

Christopher MoranHome Pros Real Estate Group LLCMore Info
915-502-1439

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Christopher MoranHome Pros Real Estate Group LLCMore Info
915-502-1439

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.