Property Sales: Simpatico Apartments and Town & Country Apartments
Title:  

Property Sales: Simpatico Apartments and Town & Country Apartments

Agency:  

Midland ISD

State:  

Texas

NAICS Code:  

531210

Industry:  

Real Estate

Solicitation Type:  

Request for Proposal

Solicitation ID:  

RFP # 24-336

Open Date:  

6/24/2025

Questions Due Date:  

7/11/2025

Close Date:  

8/22/2025

Last Updated:  

7/15/2025

Description:
The Midland Independent School District is soliciting sealed proposals for the purchase of two district-owned properties: Simpatico Apartments and Town & Country Apartments. The properties have a total square footage of 18,839 and 25,536 respectively, with 25 and 24 units, and are currently at 100% occupancy. The starting bid for Simpatico Apartments is $2,000,000, and for Town & Country Apartments is $2,500,000. Bidders must submit their proposals electronically through the district's bidding system, Ionwave, and provide required documentation, including proof of funds and a certificate of interested parties. • The properties are located in Midland, TX, and are being sold as part of the district's efforts to dispose of surplus properties. • The properties are being sold on an "as-is" basis, with the district making no warranties or representations regarding the condition of the properties. • The district reserves the right to adjust the schedule of events as necessary, and will communicate any changes to bidders through amendments posted on the district's website. • Bidders must submit their questions and comments in writing by the deadline, and the district will respond to questions and provide additional information as necessary.
Attached Files:

Please visit the bid source via the “Link to Bid Source” button below for documentation.

Contact Information:

[email protected]

(432) 240-1960

Budget Estimate (AI):

$2,000,000 – $4,500,000

Based on the starting bids provided, the estimated budget for this opportunity could range from $2,000,000 to $4,500,000, considering the total value of both properties. The actual budget will depend on the winning bid amounts, which may be higher or lower than the starting bids. Factors that may influence the likely payment range include the condition and location of the properties, the demand for real estate in the area, and the number of bidders participating in the process.

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