$579,000
Welcome to Orchard Apartments, a charming seven-unit property that offers a great mix of comfortable living options and a great investment! The property includes six spacious 2-bedroom/1-bath units and one cozy 1-bedroom, 1-bath unit.
Each unit offers off-street parking, along with convenient access to common laundry facilities. All seven units have been updated, helping keep future capital expenditures low for years to come. Two units also feature private attached garages, adding an extra layer of convenience and appeal for tenants.
The building has durable vinyl siding and a roof with approximately 20 years of remaining life. Water is separately metered, making utility management simple and efficient.
The units have also been successfully operated as short-term furnished rentals in the past, offering additional income potential and flexibility. With easy access to I-70, strong renter demand, and a history of long-term tenancy, Orchard Apartments is well positioned for continued performance.
Add in the small-town feel and great schools, and this property offers an attractive combination of convenience, stability, and long-term investment potential.
115 W Orchard Street, Odessa
Listing courtesy of Michelle Lutz of Lutz Sales + Investments.