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500 N Colorado St
Midland, TX 79701 Downtown Midland

$7,500,000 USD

Apartments For Sale • 29,610 SF

Property Details

Property Type Apartments
Total Building Size 29,610 SF
Lot Size 0.77 AC
Building Class C
Year Built 1966
Cap Rate 6.63 %
Zoning C1

0 Transit Score

67 Walk Score

                
                    Highlights
                
                                The property has a brand new roof and A/C units.
                            
                                Zero vacancy, 100% leased since the building was remodeled in 2019.

Financial Summary (Actual)

Net Operating Income: $496,895 USD (2021)

Cap Rate:	6.63 %
Total Expenses:	$235,105 USD

Amenities

Balcony
Laundry Facilities
Pool
Security System
Gated
Video Patrol
Grill
Wi-Fi
Kitchen
Oven
Range

Public Transportation

Airport	Drive	Walk	Distance
Midland International Air And Space Port	18 min	-	11.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	13
Type:	Surface
Included in Rent:	Yes

Maddison Miller 945-210-9614 Tyton Holdings, Inc.

500 N Colorado St Midland, TX 79701 Downtown Midland