
Houston Arms & Sierra Blanca
Property Information
$3,600,000
Location: Odessa, TX
Address: Multiple (See Offering Memorandum)
Year Built: 1957 & 1961
Units: 43
Status: Available
Sam Parsley
432.638.7202
sam@acrmultifamily.com
Jack Micco
707.776.7889
jack@acrmultifamily.com
Investment Highlights
Houston Arms & Sierra Blanca are part of the Odessa Four Pack Portfolio and are available together or with the rest of the portfolio. Contact broker for more details.
Stabilized, Cash Flowing Assets
The Odessa Four Pack portfolio has a strong historical occupancy exceeding 90% with low turnover evidencing quality of property maintenance and a desirable living environment. These stabilized, cash-flowing assets offers investors consistent income and strong returns from day one, backed by a proven track record of resident satisfaction and operational efficiency.
Well Maintained with Substantial Capital Improvements
Over $1.57 million in recent capital expenditures has significantly enhanced the Odessa Four Pack portfolio ($550,000 for Houston Arms & Sierra Blanca), improving property functionality, resident appeal, and long-term asset value. These substantial investments, including unit renovation, roof replacement, exterior improvements, new signage, etc., underscore the commitment to maintaining a high-quality living experience and position the properties for continued strong performance.
No New Construction in Market
The Odessa Four Pack portfolio is strategically positioned in a market with no new multifamily construction in the pipeline, significantly limiting future competitive supply. This lack of new inventory is expected to drive sustained demand for existing quality assets like the portfolio, ensuring continued high occupancy and strong potential for rent growth.












Houston Arms
Sierra Blanca