Orchard Apartments

Welcome to Orchard Apartments, a charming seven-unit property that offers a great mix of comfortable living options. 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.

Why We Love It:  Great price-to-rent ratio in place, mix of rehabbed and value add, laundry on site, solid 1970s construction building with driveup parking for all units.

The Challenge: Odessa is a tertiary submarket which has both pros and cons. Rents are slightly lower than the nearby Kansas City metro area, but that also means an affordable location to commute from.

The Value-Add Play: Increase operational efficiencies, consider Airbnb for short term rentals or traveling nurses, and get all units up to market rate.