Willow Bend Apartments | 1449 John Ben Shepperd Pky
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Willow Bend Apartments 1449 John Ben Shepperd Pky
23 Unit Apartment Building $3,437,553 CAD ($149,459 CAD/Unit) Odessa, TX 79761
INVESTMENT HIGHLIGHTS
- Super Clean & Well Maintained
- Close to University of Texas Permian Basin
- Minutes to Midland International Air and Space Port
- Prime Location in East Odessa
- Easy Access to Loop 338, HWY 191, & I-20
- Close to schools, shopping, & restaurants
EXECUTIVE SUMMARY
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.
Low Overhead, 6 to 7% Cap Rate. Financials upon request.
PROPERTY FACTS
| Price | $3,437,553 CAD | Apartment Style | Low Rise |
| Price Per Unit | $149,459 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.65 AC |
| No. Units | 23 | Building Size | 14,700 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1975 |
| Price | $3,437,553 CAD |
| Price Per Unit | $149,459 CAD |
| 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 |
| No. Stories | 2 |
| Year Built | 1975 |
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Refrigerator
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 21 | - | - |
| 2+1.5 | 1 | - | - |
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PROPERTY TAXES
| Parcel Number | 32660-00285-00000 | Improvements Assessment | $1,413,965 CAD |
| Land Assessment | $150,166 CAD | Total Assessment | $1,564,131 CAD |
PROPERTY TAXES
Parcel Number
32660-00285-00000
Land Assessment
$150,166 CAD
Improvements Assessment
$1,413,965 CAD
Total Assessment
$1,564,131 CAD
ZONING
| Zoning Code | B1 (Apartments) |
| B1 (Apartments) |
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Willow Bend Apartments | 1449 John Ben Shepperd Pky
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