Last 24 Hours
$431,518
NAL Estimated Property Value2405 Kermit Hwy, Odessa, TX, 79761
Off Market
— Beds
— Bath
6,522 Sq Ft
$176.33 / sqft
Built in 1952Highlights
Interior
Bedrooms —
Bathrooms —Exterior
Lot Size16,801 sqft
Building Information
Year Built1952
Land Information
APN14000.01050.00000
Lot Number3-5
SubdivisionHighland Park
Land UseResidential
Legal DescriptionHIGHLAND PARK BLOCK 11 LOTS 3-5 DBA BLUE APARTMENTS
Census Tract001300
Assessed Land Value$32,088
Assessed Improvement Value$399,430
Assessment Year2025
About this property
Discover an exceptional investment opportunity in the heart of Odessa, TX! This well-maintained 14-unit apartment complex is ideally located directly across from Odessa College, offering unmatched convenience for students, faculty, and professionals. Each unit is fully furnished (kitchenette, fridge, 2 beds, smart TV, table and bath, solar panel system conveys with the sale and offers minimal electrical bills. Perfect for investors seeking a steady income stream in a thriving rental market.
Investor Tools
$431,518
Estimated Property Value
$476,932Estimated Mortgage Balance
$431,518Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,900 /month
Positive
Cash Flow Estimate:
$2,300 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$911/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,777
$431,518
2025
$32,088
$399,430
$431,518
No
Tax History
Year
Tax Paid
Assessed Value
2024
$8,777
$431,518
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ahn Corporation
Unknown
$510,000
No
First
Oct 25, 2022
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$476,932
N/A
0%
111%
$3,058/mo
12.4%