Hiram Park
1608 N A Street, Midland TX · 2.27 acres
An 18-unit luxury paired-home community on 2.27 acres in central Midland. Construction financing is secured and the project is underwritten for both a sale at completion and a lease-up hold.
Request the Hiram Park Investment Package- Units
- 18
- Site
- 2.27 acres
- All-in basis
- $8.52M
- Construction financing
- $8.16M
- Target exit — sale
- $650K / unit
- Target exit — hold
- $2,600 / door
Luxury paired homes
1608 N A Street, Midland TX
$600K land · 18 × $440K build · $1M soft costs
9.95% interest-only, 19-month term (Lima One)
~$10.94M net · ~$1.97M pre-tax profit
Lease-up alternative to sale