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3419 W County Road 118 - QuadNetworks Room's & RV Rentals 3,257 SF Specialty Building Offered at $683,777 at a 15.42% Cap Rate in Midland, TX 79706


INVESTMENT HIGHLIGHTS
- Vacancy's fill same day 90% of the time - Easy Access to freeway and Stores, mostly service workers. Free laundry rooms for residents.
- Lots of parking - for Work vehicle and private Auto (Not Simi trucks)
- Lighted and Security, very private. outdoor cooking areas.
EXECUTIVE SUMMARY
This is a great opportunity to own an operational Income producing property. A 2 story 8 bed 2 living areas, Large Kitchen, 4 1/2 baths, and 2 HVC units and Water Filter R/o system & more. 2 mini studio Cabins outside and 11 RVs with Awning cover. Washer and dryer areas for home and RVs all on 0.95 Ac Lot. with a well and pump and 2 septic systems. Plenty of parking. Month to Month Contract. Great for Temp works. Currently fully occupied. If vacancy rents all most same day. Very clean. EASY Maintenance.
DATA ROOM Click Here to Access
- Operating and Financials
- Miscellaneous
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
ABOUT 3419 W COUNTY ROAD 118 , MIDLAND, TX 79706
0.950 Ac lot with water well / pump 2 septic systems, Lots of parking - outdoor cooking areas (BBQ) 3257 sq ft 2 story with 8 Bed. 4 1/2 Bath.2 common areas. dining room. Large kitchen. and two Landry rooms. Solor panels - (Residential meter) 2 Cabin studio 's - Landry room in the rear (On Meter with house) 11 RVs Under Awning - Laundry area outside with 2 washers and 2 dryers on separate meter (commercial) 1 spot leased to a 5th wheel owner...
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JPAR - El Paso
3419 W County Road 118 - QuadNetworks Room's & RV Rentals
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