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Willow Bend Apartments 1449 John Ben Shepperd Pky 23 Unit Apartment Building $2,280,000 ($99,130/Unit) Odessa, TX 79761
Investment Highlights
- Established 23-unit apartment community in Odessa, Texas.
- Convenient access to Loop 338, Highway 191, and Interstate 20.
Executive Summary
Opportunity to acquire Willow Bend Apartments, a 23-unit multifamily asset located in Odessa, Texas. The property is positioned within an established residential area, providing convenient access to Loop 338, Highway 191, and Interstate 20, providing connectivity throughout Odessa, Midland, and the greater Permian Basin.
Property Facts
| Price | $2,280,000 | Building Class | C |
| Price Per Unit | $99,130 | Lot Size | 0.65 AC |
| Sale Type | Investment | Building Size | 14,700 SF |
| No. Units | 23 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1975 |
| Apartment Style | Low-Rise | ||
| Zoning | B1 - Apartments | ||
| Price | $2,280,000 |
| Price Per Unit | $99,130 |
| Sale Type | Investment |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 14,700 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1975 |
| Zoning | B1 - Apartments |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Ceiling Fans
- Refrigerator
- Range
Site Amenities
- Recycling
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 21 | - | - |
| 2+1.5 | 1 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 32660-00285-00000 | Improvements Assessment | $962,558 |
| Land Assessment | $102,062 | Total Assessment | $1,064,620 |
Property Taxes
Parcel Number
32660-00285-00000
Land Assessment
$102,062
Improvements Assessment
$962,558
Total Assessment
$1,064,620
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Contact the Sale Advisor
Willow Bend Apartments | 1449 John Ben Shepperd Pky