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$1,400,000

900 W 8th St, Odessa, TX, 79763

On MarketInfo
Baths4,466 Sq Ft
ApartmentApartment
price_per_sqft$313.48 / sqft
Year BuiltBuilt in 1966

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
$0Estimated 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

Interested in this property?

Colton Robbins

Starz Realty

ContactContact

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Financing 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

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Odessa

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900 W 8th St | Property Details | No Agent List