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$204,910

1308 N Carol Ave, Monahans, TX, 79756

$266,383 ARVInfo
Off MarketInfo
Beds8 Beds
Baths3,264 Sq Ft
QuadruplexQuadruplex
price_per_sqft$176.16 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 8Bedrooms 8

Exterior

Lot Size9,074 sqft

Land Information

APN8027
Lot Number5
Land UseResidential
Legal DescriptionLOT 5 BLK 6 QUAIL VIEW
Census Tract950100
Assessed Land Value$5,990
Assessed Improvement Value$198,920
Assessment Year2025

About this property

Turnkey Investment Opportunity – Fully Leased Quadplex in Monahans, TX! Invest in steady cash flow with this fully leased quadplex in the thriving community of Monahans, TX! This multi-family property features four well-maintained units, each designed for comfort and efficiency. With 100% occupancy, investors can enjoy immediate rental income and strong ROI potential in a high-demand rental market.

Investor Tools

Property Icon
$204,910
Estimated Property Value
$146,250Estimated Mortgage Balance
$69,856Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$266,383
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,450 /month
Positive
Cash Flow Estimate:
$1,150 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$433/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,174
$204,910
2025
$5,990
$198,920
$204,910
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,174
$204,910

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Bank
Conventional
$146,250
No
First
Apr 27, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$135,302
$69,608
33%
66%
$877/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Monahans

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1308 N Carol Ave | Property Details | No Agent List