Willow Bend Apartments | 1449 John Ben Shepperd Pky
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Willow Bend Apartments 1449 John Ben Shepperd Pky
23 Unit Block of Flats £1,864,254 (£81,055/Unit) 6% Net Initial Yield 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 | £1,864,254 | Apartment Style | Low Rise |
| Price Per Unit | £81,055 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.65 AC |
| Net Initial Yield | 6% | Building Size | 14,700 SF |
| No. Units | 23 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1975 |
| Property Subtype | Apartment |
| Price | £1,864,254 |
| Price Per Unit | £81,055 |
| Sale Type | Investment |
| Net Initial Yield | 6% |
| No. Units | 23 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 14,700 SF |
| Number of Floors | 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 | - | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 32660-00285-00000 | Improvements Assessment | £752,765 |
| Land Assessment | £79,945 | Total Assessment | £832,711 |
PROPERTY TAXES
Parcel Number
32660-00285-00000
Land Assessment
£79,945
Improvements Assessment
£752,765
Total Assessment
£832,711
zoning
| Zoning Code | B1 (Apartments) |
| B1 (Apartments) |
1 of 37
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Willow Bend Apartments | 1449 John Ben Shepperd Pky
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.