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Multifamily

Hemingway House

6401 Eastridge Rd, Odessa, TX 79762

Listing Price: Request For Offer

Number of Units
195
Gross SF
161,804

Investment Overview

Built in 1982, the property has seventeen two-story buildings consisting of 195 units. The property has five floorplans: two one-bedroom/one-bathrooms measuring 638 and 757 square feet, two two-bedroom/two-bathrooms measuring 931 and 1,011 square feet, and a two-bedroom/two-bathroom townhome measuring 1,094 square feet. The community has two laundry facilities, a swimming pool, on-site maintenance, an on-site property manager, clubhouse, and carports. The units have ceiling fans, eight-foot ceilings, a private patio or balcony, faux wood and carpeted flooring, window coverings, and walk-in closets. In addition, select units have washer and dryer connections, outside storage, a wood-burning brick fireplace, and a loft layout. Hemingway House 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

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

Exclusively Listed By

Financing By

Multifamily

Hemingway House

Listing Price: Request For Offer

Number of Units
195
Gross SF
161,804

Investment Highlights

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

Investment Overview

Built in 1982, the property has seventeen two-story buildings consisting of 195 units. The property has five floorplans: two one-bedroom/one-bathrooms measuring 638 and 757 square feet, two two-bedroom/two-bathrooms measuring 931 and 1,011 square feet, and a two-bedroom/two-bathroom townhome measuring 1,094 square feet. The community has two laundry facilities, a swimming pool, on-site maintenance, an on-site property manager, clubhouse, and carports. The units have ceiling fans, eight-foot ceilings, a private patio or balcony, faux wood and carpeted flooring, window coverings, and walk-in closets. In addition, select units have washer and dryer connections, outside storage, a wood-burning brick fireplace, and a loft layout. Hemingway House 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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