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2901 W Illinois Ave
Midland, TX 79701
Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.98 AC |
| Property Type | Multifamily | Building Size | 6,612 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1970/2014 |
| Building Class | C | Parking Ratio | 0.91/1,000 SF |
| Zoning | yes | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.98 AC |
| Building Size | 6,612 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1970/2014 |
| Parking Ratio | 0.91/1,000 SF |
| Zoning | yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Double Vanities
- Kitchen
- Granite Countertops
- Ice Maker
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Breakfast Nook
- Built-In Bookshelves
- Dining Room
- Pantry
- Patio
- Porch
- Skylights
SITE AMENITIES
- Courtyard
- Fenced Lot
- Laundry Facilities
- Corporate Suites
ABOUT 2901 W ILLINOIS AVE , MIDLAND, TX 79701
This property is a good "Investor Purchase", as it is fully leased with stable tenants, rents start at $1250/mo. These apartments have all been remodeled, are all very well maintained and in good working condition. The location is in a good neighborhood and we have stable, professional tenants. Each unit has been remodeled with updated kitchens and bathrooms, W/D in each unit and each unit has 2 large patios. There is a covered, 3 sided community garage and it is minutes from downtown. The rent incurred from the property would compensate the mortgage payment as your property value increases.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 4 | $1,450 | 1,600 |
PROPERTY TAXES
| Parcel Number | R000036-744 | Improvements Assessment | $583,273 |
| Land Assessment | $53,540 | Total Assessment | $636,813 |
PROPERTY TAXES
