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Multifamily

Cimarron Place

4136 E 52nd St, Odessa, TX 79762

Listing Price: Request For Offer

Number of Units
196
Gross SF
161,864

Investment Overview

Built in 1982, the property has eighteen two-story buildings consisting of 196 units, a rental office, and a temporary storage building. The property has five spacious floorplans: three one-bedroom/one-bathrooms measuring 579, 663, and 881 square feet, a two-bedroom/two-bathroom measuring 1,021 square feet, and a two-bedroom/two-and-a-half bathroom measuring 1,100 square feet. The community has a swimming pool, carports, two laundry facilities, a courtyard, controlled access, on-site maintenance, and a clubhouse. The units have a private patio or balcony, window coverings, eight-foot ceilings, faux wood and carpeted flooring, and walk-in closets. In addition, select units have a loft-style layout, washer/dryer connections, outside storage, a wood-burning fireplace, and ceiling fans. Cimarron Place offers new ownership the opportunity to immediately upgrade unit interiors and realize premiums of $125 once completed. Renovations will include a black appliance package, granite countertops, faux vinyl flooring, updated lighting and fixtures, new cabinet fronts, and undermount sinks. The asset has been operated by a long-term ownership group and has minimal deferred maintenance allowing a buyer to take advantage of income-generating upgrades day one. Located minutes from The University of Texas Permian Basin, shopping centers, restaurants, and the Texas 338 loop, residents have easy access to everything Odessa has to offer.

Investment Highlights

  • Well-Maintained Asset with Minimal Deferred Maintenance
  • Long-Term Ownership and 100% Untouched Unit Interiors
  • Well Below Replacement Cost
  • Convenient Access to Loop 338

Exclusively Listed By

Financing By

Multifamily

Cimarron Place

Listing Price: Request For Offer

Number of Units
196
Gross SF
161,864

Investment Highlights

  • Well-Maintained Asset with Minimal Deferred Maintenance
  • Long-Term Ownership and 100% Untouched Unit Interiors
  • Well Below Replacement Cost
  • Convenient Access to Loop 338

Investment Overview

Built in 1982, the property has eighteen two-story buildings consisting of 196 units, a rental office, and a temporary storage building. The property has five spacious floorplans: three one-bedroom/one-bathrooms measuring 579, 663, and 881 square feet, a two-bedroom/two-bathroom measuring 1,021 square feet, and a two-bedroom/two-and-a-half bathroom measuring 1,100 square feet. The community has a swimming pool, carports, two laundry facilities, a courtyard, controlled access, on-site maintenance, and a clubhouse. The units have a private patio or balcony, window coverings, eight-foot ceilings, faux wood and carpeted flooring, and walk-in closets. In addition, select units have a loft-style layout, washer/dryer connections, outside storage, a wood-burning fireplace, and ceiling fans. Cimarron Place offers new ownership the opportunity to immediately upgrade unit interiors and realize premiums of $125 once completed. Renovations will include a black appliance package, granite countertops, faux vinyl flooring, updated lighting and fixtures, new cabinet fronts, and undermount sinks. The asset has been operated by a long-term ownership group and has minimal deferred maintenance allowing a buyer to take advantage of income-generating upgrades day one. Located minutes from The University of Texas Permian Basin, shopping centers, restaurants, and the Texas 338 loop, residents have easy access to everything Odessa has to offer.

Exclusively Listed By

Financing By

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