Updated Feb 10, 2026
Will Balthrope & Drew Garza Of Institutional Property Advisors Broker Sale Of 288-Unit Multifamily In Midland
3600 Edwards Street
Units
288
Asset Type
MultiFamily
Closing
Jan 23, 2026
About this deal
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.
On the Map
MultiFamily
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Midland MultiFamily Market Snapshot
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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