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- LoopNet Team
906 S Colorado St
Midland, TX 79701
Rare "Apartment Style" Investment Opportunity · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Great location in the heart of downtown!
- Annual net income of $100,000 PLUS!
- Property is easily maintained, with shared laundry space & off street parking!
Executive Summary
Rare "apartment style" investment opportunity, completely renovated...just waiting for the right investor! Great location in the heart of downtown, mixed commercial/residential area, restaurants/shops, with easy access to I-20/Odessa/surrounding areas. Units are move-in ready or currently rented on annual or short-term contracts with established tenants! Property is easily maintained, with shared laundry space & off street parking! Annual net income of $100,000 PLUS! Safe, secure, secluded! Investment package includes: 906A S Colorado (1 bed/1 bath cottage-furnished-850sf)+ 906 S. Colorado ‘Fourplex’ (4, 1 bed/1 bath units- 3 furnished, 1 unfurnished-325sf ea) + 904 S. Colorado ‘Triplex’ (3, 2 bed/1 bath units-unfurnished-350 sf ea) with shared laundry area and off street parking! See uploaded documents for full property description/features. All 3 units $899,000! Properties are located one block from the corner of Big Spring & Florida Ave, behind Dona Anitas Restaurant. Parking located in back.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Vinyl Flooring
Site Amenities
- Fenced Lot
- Laundry Facilities
- Security System
- Furnished Units Available
