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1203 S Gail Ave
Monahans, TX 79756

Price Upon Request

Apartments For Sale  •  74,241 SF

Property Details

  • Property Type Apartments
  • Total Building Size 74,241 SF
  • Lot Size 2.01 AC
  • Building Class C
  • Year Built 2015
  • Zoning B1
0 Transit Score
50 Walk Score

Highlights

The property enjoys a central Permian Basin location, with proximity to schools, restaurants, and freeway access.
Well kept and maintained multi-family building with 56 units all fully occupied.
Tenants will have the option to enjoy furnished units, on-site laundry facilities, and tenant controlled HVAC.
The average household income for a 5 mile radius is $78,387.

Financial Summary (Actual)

Net Operating Income: $850,520 USD (2024)
Total Expenses: $366,880 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Heating
  • Furnished Units Available
  • Kitchen
  • Range
  • Tub/Shower
  • Walk-Up

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes