1449 John Ben Shepperd Pky - Apartments FOR SALE


Odessa, TX 79761
$2,380,000 USD
432-978-6973
1449 John Ben Shepperd Pky, Odessa, TX for Sale
$2,380,000 USD
Apartments - FOR SALE
1/36
null | Request Cap Rate

1449 John Ben Shepperd Pky
Odessa, TX 79761


HIGHLIGHTS

  • Super Clean & Well Maintained
  • Prime Location in East Odessa
  • Close to University of Texas Permian Basin
  • Easy Access to Loop 338, HWY 191, & I-20
  • Minutes to Midland International Air and Space Port
  • Close to schools, shopping, & restaurants

OVERVIEW

Discover the outstanding care the owners has taken in maintaining this exceptional investment opportunity in the West Texas Permian Basin. This 23-unit apartment complex features a convenient laundry facility and consists of 21 one-bedroom, one-bath units, one efficiency unit, and a spacious two-bedroom, one-and-a-half-bath townhome. The convenient coin-operated laundry adds to the appeal for tenants. Recent upgrades include new doors and windows throughout, a new roof installed in 2018, and the replacement of most AC units in the same year, along with interior upgrades to nearly all units in recent years. Don’t miss out on this rare chance—it won’t be available for long! Low Overhead, 6 to 7% Cap Rate. Financials upon request.

FOR SALE DETAILS

PRICE

$2,380,000 USD

PRICE/SF

$162 USD /SF

# OF UNITS

23

PRICE/UNIT

$103,478

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Willow Bend Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

B1

APN/PARCEL ID

32660-00285-00000

ASK ABOUT THIS PROPERTY

Heather PrichardZIGLAR RealtyMore Info
432-978-6973

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Heather PrichardZIGLAR RealtyMore Info
432-978-6973

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.