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3600 Edwards Street

Will Balthrope & Drew Garza Of Institutional Property Advisors Broker Sale Of 288-Unit Multifamily In Midland
SOLDMultiFamily

Will Balthrope & Drew Garza Of Institutional Property Advisors Broker Sale Of 288-Unit Multifamily In Midland

3600 Edwards Street

Building Size

Asset Type

MultiFamily

Closing

Jan 23, 2026

AI

The Everett at Ally Village is a multifamily asset comprising 288 units, located at 3600 Edwards Street in Midland, Texas. This apartment complex was built in 2021 and offers a range of one- to three-bedroom units. Residents have access to amenities including a pool, fitness center, clubhouse, and pet park.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not disclosed
  • Units: 288
  • Address: 3600 Edwards Street
  • Market: Midland

Will Balthrope and Drew Garza from Institutional Property Advisors represented the seller in this transaction. The buyer and seller identities remain undisclosed.

Players

Drew Garza

Institutional Property Advisors

Broker

$130.6M

vol

37 deals

Broker

Midland MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93