Last 24 Hours
$1,400,000
900 W 8th St, Odessa, TX, 79763
On Market
— Beds
— Bath
4,466 Sq Ft
Apartment
$313.48 / sqft
Built in 1966Highlights
Interior
Bedrooms —
Bathrooms —Exterior
Lot Size15,621 sqft
Building Information
Year Built1966
Land Information
APN17800.01610.00000
Lot Number1-3
SubdivisionMckinney Terrace
Land UseResidential
Legal DescriptionMCKINNEY TERRACE BLOCK 19 LOTS 1-2 & S 30 OF LOT 3 TOWN PLAZA APTS
Census Tract003100
Assessed Land Value$24,523
Assessed Improvement Value$738,817
Assessment Year2025
About this property
Great investment opportunity on this 16 unit apartment complex! This property features granite in all units, central heat & air, outdoor grills and seating area, putting green, on-site camera system and on-site laundromat! Conveniently located close to hospitals & down town.
Investor Tools
$2,182,554Estimated Mortgage Balance
$763,340Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,400 /month
Positive
Cash Flow Estimate:
$2,800 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,659/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,088
$763,340
2025
$24,523
$738,817
$763,340
No
Tax History
Year
Tax Paid
Assessed Value
2024
$16,088
$763,340
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
West Texas State Bank
Unknown
$2,275,000
No
First
Jan 16, 2024
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,182,554
N/A
0%
286%
$13,640/mo
12.4%