Woodcrest Apartments

Multi-Family for Sale
Catylist Listing ID: 30465041
Property Subtypes: Low-Rise/Garden
Number of Units: 80 Units
Building Size (RSF): 68,382 SF
Gross Building Area: See Agent
Sale Price: See Agent
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 8/14/2019

Overview / Comments

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.

Additional Details

Nearest MSA: Odessa
County: Ector
Tax ID/APN: 37100-00201-01402
Total Number of Buildings: 11
Number of Stories: 2
Year Built: 1978
Construction/Siding: Brick
Laundry: Shared
Heat Type: Electricity

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,783 58,032 105,246
Median Age: 30.45 30.97 31.77
Households: 4,184 19,807 37,588

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