Property Description
Income-producing multi-tenant commercial investment featuring a 10.38% cap rate, established tenants, and additional lease-up potential along W Illinois Avenue in Midland, TX.
Building / Investment Highlights
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Property: 5,964 SF | 0.285 Acres | Built 1965
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Tenant Mix: 3 Units | 2 Occupied | 1 Vacant
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Asking Price: $375,000 | 10.38% Current Cap Rate
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Current Income: $3,500/Month | $42,000/Year
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Pro Forma: $54,000 Annual Gross Income | 13.58% Cap Rate
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Investment Upside: Vacant Unit Lease-Up | Potential Lease Restructuring
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Location: W Illinois Avenue Frontage | Central Midland
