REO Sale | Blue Sky Ranch Apartments

• Located in the Permian Basin of West Texas
• Approximately 40 Miles East of Midland/Odessa
• Close Proximity to Big Spring National Airport
• Located on a Main Thoroughfare With Excellent Visibility
• No Laundry Contract In Place
• Numerous Repairs Completed by the Lender
• 15 Units are Heavy Make-Readies
• Upside with Continued Improvements, Bringing the 15 Heavy Make-Readies On Line and Stabilization of the Occupancy and Income

Property Description

RI Marketplace Online Auction July 14-16 Register to bid on Marketplace: View Now: Houston Income Properties, KET Enterprises and RI Marketplace are pleased to present The Blue Sky Apartments (Subject Property). The Subject Property is a 50 unit, value add investment opportunity located in Big Spring, TX. Big Spring, Texas is in the heart of the Permian Basin and is approximately 40 miles east of Midland / Odessa. The property is a recent foreclosure and the current owner has made numerous repairs. There is good upside potential with continued improvements and by bringing 15 units back on line that the owner states need heavy make readies. The excellent location and upside of the property makes the asset a good play for a buyer that would like to own a property in the highest-producing oil field in the US.