5202 Rainbow Rd Midland, TX ^$ 1,040,000

5202 Rainbow Rd

^$ 1,040,000

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5202 Rainbow Rd

Midland, TX, 79707

^$ 1,040,000

Studio Baths0.0 Sq 6,216

Monthly Estimate*

^$ 7,265

5202 Rainbow Rd, Midland, TX 79707 - Image 1

5202 Rainbow Rd, Midland, TX 79707 - Image 2

5202 Rainbow Rd, Midland, TX 79707 - Image 3

5202 Rainbow Rd, Midland, TX 79707 - Image 4

Studio

Commercial Property for sale in Midland, TX

for $1,040,000. This 6,216 square foot building was built in 2001 on a lot size of 0.198.

PROFITABLE INVESTOR PORTFOLIO INCLUDING THE SALE OF 2 DUPLEXES (UNITS A&B) ON RAINBOW RD! BOTH HOMES ARE CURRENTLY BEING LEASED WITH 100% OCCUPANCY. THE ENTIRE PORTFOLIO OF 94 TOTAL HOMES IS BEING SOLD, INCLUDING THE BREAKDOWN 14 SMALLER INVESTOR PACKAGES LISTED SEPARATELY. CURRENT INCOME ON RIANBOW RD DUPLEXES IS $7,100/MONTH IN TENANT LEASES.

Commercial Active

Price

^$ 1,040,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Commercial

Lot Size

0.198

Year Built

2001

Town/City

Midland

County/Region

Midland

MLS | Web ID

50069832

Features

General

Road Frontage City Street Alley Sidewalks

Heating Central

Cooling Electric

Ceiling Height Less than 20 ft

Roof Composition

Parking Covered Parking

Year Built 2001

Subdivision Arbor Park

Stories One

Exterior

Road Surface Paved

* Excluded Features

List By

The Agency Kerri Payne James Real Estate Team

Broker

(432) 553-7443

Phone

Affordability Calculator

$7,265

Per Month

Monthly Principal & Interest: $7,265
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Midland, TX

Average List Price ^$2,034,992

Percent of Sale Price 96%

About Midland, TX

132,228 Population

36% Since 2002

^$73,751 Median Income

34.79 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1795957 Elementary School

1795677 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/12/2024	$1,040,000		Listed Price

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5202 Rainbow Rd, Midland, TX, 79707 is a Commercial Property for sale at $1,040,000 with 6,216 sqft and a lot size of 0.198. 5202 Rainbow Rd is a studio with 0.0 baths and was built in 2001. The property's zip code is 79707 which is in Midland, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Permian Basin Board of Realtors

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Permian Basin Board of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/28/2024.

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5202 Rainbow Rd

Commercial Property for sale in Midland, TX

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