100-Unit, 83% Occupied Multifamily Complex Sold For $5,000,000
RealINSIGHT Marketplace is pleased to announce the sale of Village Place Apartments in Odessa, TX.
Marketplace joined forces with Greysteel to sell this 100-unit, 83% occupied multifamily complex. The
combined marketing efforts centered on the value-add opportunity the property presented to investors;
With over 90% of the units having two or more bedrooms, the new owners now have the ability to add
substantial value by increasing occupancy alone.
THE STRATEGY PAID OFF:
Ultimately bringing eight unique bidders to auction achieving a final sales price of $5,000,000.
FINAL SALE PRICE: $5,000,000
Learn more about this auction property by visiting the asset page: Village Place Apartments