Odessa West Mobile Home Park
Mobile Home Park | 40 Spaces
Marketing description
Marcus & Millichap is pleased to present the exclusive offering of Odessa West MHP, a 40-space mobile home community located in Odessa, Texas.
Odessa West MHP consists of 33 park-owned homes, 6 tenant-owned homes, and one vacant space. Of the 33 park-owned homes, two are currently used for storage and one is occupied by the owner as his personal residence. In addition, there are two vacant duplexes located on a separate private lot that are not included in the total space count. These units require renovation and connection to utilities; however, there are three septic tanks on the parcel that can be tied into the duplexes. Current lot rent is $500 per month, while the average rent for park-owned homes is $1,634 per month.
The Park operates on city water and septic. Water is sub-metered and billed back to t he tenants, and electricity is a lso billed back. Sewer and trash services are included in the rent. The current owners self-manage the property. Please do not visit the park without prior approval. Please arrange property tours with Marcus & Millichap listing agents.
Investment highlights
Strong In-Place Cash Flow with 40 Total Spaces, 33 Park-Owned Homes, and $1,634 Average Home Rent
Strong Value-Add Upside Through Duplex Renovations and Lease-Up of Park-Owned Homes
Utility Reimbursement Structure with Water and Electricity Billed Back to Tenants
The Park Operates on City water
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