Flexible 4-Unit Property Opportunity 2400 College Ave 4 Unit Apartment Building $398,000 ($99,500/Unit) 12.06% Cap Rate Midland, TX 79701

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 consistent rental demand. With a cap rate of 12.06%, property management already in place, and seller willingness to negotiate closing costs, this offering is well-positioned for investors seeking cash flow, upside, and operational flexibility.
As an added incentive, the seller is offering the option to enter into a 12-month master lease at $4,000 per month, providing immediate, predictable income while the seller maintains occupancy and operations during the transition period. This structure is designed to reduce initial risk and deliver stable returns from day one of ownership.