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5108 FM 307 - FM 307 Investment Portfolio 2.93 Acres of Commercial Land Offered at $1,044,000 in Midland, TX 79706
INVESTMENT HIGHLIGHTS
- Modified Gross Leases
- Unit B 2014 4 Bed 2 Bath 2340 sqft - $2200 2 year lease
- Unit D 3 Bed 2 Bath 2050 sqft - $2250 a month 2 year lease
- Unit A Rehabed Old 1925 Farm House 3 Bed 2 Bath 2400 sqft - $2000 a month
- Unit C 4 Bed 2 Bath 2050 sqft - 2250 a month 2 year lease
- 10 Cap $8700 a month or $104,400 a year
EXECUTIVE SUMMARY
Fantastic Opportunity to Build your Rental Income Or Add to Existing Portfolio in Greenwood ISD on 2.93 Acres w/ 195’ of Frontage to FM 307 (4) Leased Units (3) w/ New 2 years. Rocks Throw to I-20, Close to Business Parks, & Greenwood ISD. Could be a possible value add by adding a few RV Spots. Work has been Done for you Wealth Starts Accruing Day 1.
Modified Gross Leases
Unit A Rehabed Old 1925 Farm House 3 Bed 2 Bath 2400 sqft - $2000 a month
Unit B 2014 4 Bed 2 Bath 2340 sqft - $2200 2 year lease
Unit C 4 Bed 2 Bath 2050 sqft - 2250 a month 2 year lease
Unit D 3 Bed 2 Bath 2050 sqft - $2250 a month 2 year lease
10 Cap $8700 a month or $104,400 a year
Modified Gross Leases
Unit A Rehabed Old 1925 Farm House 3 Bed 2 Bath 2400 sqft - $2000 a month
Unit B 2014 4 Bed 2 Bath 2340 sqft - $2200 2 year lease
Unit C 4 Bed 2 Bath 2050 sqft - 2250 a month 2 year lease
Unit D 3 Bed 2 Bath 2050 sqft - $2250 a month 2 year lease
10 Cap $8700 a month or $104,400 a year
PROPERTY FACTS
| Price | $1,044,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 2.93 AC |
| Property Type | Land |
| Price | $1,044,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 2.93 AC |
1 LOT AVAILABLE
Lot
| Price | $1,044,000 | Lot Size | 2.93 AC |
| Price Per AC | $356,313.99 |
| Price | $1,044,000 |
| Price Per AC | $356,313.99 |
| Lot Size | 2.93 AC |
2.93 acres out of , NW/4NW/4, SEC: 3, BLK: 38-T2S
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5108 FM 307 - FM 307 Investment Portfolio
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