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2550 W 8th St
Odessa, TX 79763
Woodcrest Apartments · Multifamily Property For Sale
·
80 Units
PROPERTY FACTS
| No. Units | 80 | Lot Size | 6.70 AC |
| Property Type | Multifamily | Building Size | 68,382 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built | 1972 |
| Zoning | EB5 | ||
| No. Units | 80 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.70 AC |
| Building Size | 68,382 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1972 |
| Zoning | EB5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
SITE AMENITIES
- Laundry Facilities
- Picnic Area
- Playground
ABOUT 2550 W 8TH ST , ODESSA, TX 79763
KW Commercial is pleased to represent the seller in the disposition of Woodcrest Apartments, an 80 unit affordable housing asset located in Odessa, TX. The current HAP contract expires in May 2021. This property has maintained a historically high occupancy rate due to strong demand for affordable housing. Current owners have invested approximately $1,124,000 in capital improvements since 2017. TOUR DATES AND CALL FOR OFFERS • Prospective buyers will be given the opportunity to visit the property during pre-scheduled tours. Visitation requires advance notice and scheduling so that current operations are not disturbed. Please do not contact management or tenants. • Call Greg Brownd at 806-777-4459 to schedule property tour. • Offers / LOIs should be submitted to Greg Brownd at gregbrownd@kwcommercial.com. Please make sure that offer price, financing terms, earnest money deposit amount, due diligence and closing period, any contingencies, and buyer qualifications are included.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | $438.00 | 617 |
| 2+1 | 48 | $639.00 | 760 |
| 3+1 | 16 | $805.00 | 956 |
| 3+2 | 4 | $968.00 | 956 |
PROPERTY TAXES
| Parcel Number | 37100-00255-00000 | Improvements Assessment | $2,036,671 |
| Land Assessment | $434,859 | Total Assessment | $2,471,530 |
PROPERTY TAXES
