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720 E Mulberry St
Odessa, TX 79766

$300,000 USD

Manufactured Housing Mobile Home Park For Sale  •  43,560 SF

Property Details

  • Property Type Manufactured Housing Mobile Home Park
  • Total Building Size 43,560 SF
  • Lot Size 2 AC
  • Year Built 2011
0 Transit Score
0 Walk Score

Description

Marcus & Millichap is proud to present the opportunity to purchase Roadrunner RV Rental Community, a ±34-site community located at 720 East Mulberry Street in Odessa, Texas (the “Property”).  The Property is comprised of 34 park-owned RVs and is currently 94% occupied with an average rental rate below market. The Property operates on well water and septic sewer with all utilities covered by ownership. The 2-acre property is located half a mile from U.S. Route 385 and was built in 2011. US Route 385, a high traffic corridor with over 17,000 vehicles daily, is a spur of U.S. Route 85 that runs for 1,206 miles (1,941 km) from Deadwood, South Dakota to Big Bend National Park, Texas. Midland International Airport is approximately 23 miles from the park. Amenities include laundry facilities, 24/7 security cameras, free dish TV, and keyed mailboxes.
 
Odessa is located in Ector County and is situated above the Permian Basin, a large sedimentary deposit that contains significant reserves of oil and natural gas.  As of 2024, there were approximately 18,459 residents with an average household income of $69,694 within a 10-mile radius.

Highlights

STARTING BID $300,000 | $173K NOI | 94% Occupied | Double Digit Cap Rate | AUCTION DECEMBER 9-11, 2024
34-Site RV Rental Community in Odessa, Texas
Value-Add Opportunity with Upside in Rents | Private Water/Septic
Amenities Include Laundry Facilities, 24/7 Security, Free Dish TV, Keyed Mailboxes, TVs Included In Unit
Immediate Access to US Route 385
Thriving Odessa Job Market Boasts Nation’s Second Largest Year-Over-Year Percentage Gain in Employment

Property Flyers

Amenities

  • Laundry Facilities
  • Security System

Public Transportation

AirportDriveWalkDistance
Midland International Air And Space Port 32 min - 23.2 mi
Edgar Martinez 972-755-5200 Marcus & Millichap
Edgar Martinez 972-755-5200 Marcus & Millichap