Mobile Home Park
For Sale
Contact for pricing
8500 W 23rd St, Odessa, TX 79763
A 40-space mobile home community with park-owned and tenant-owned homes plus one vacant space.
Property SizeContact for details
Days on Market225
Property Features for 8500 W 23rd St
General Information
Standard status
Active
Class
B
Property subtype
Mobile Home Park
Occupancy
60%
Investment Type
Value Add
Net Operating Income
$170,212
Building Details
Year Built
1983
Units
40
Listing Agency:
Marcus & Millichap - Houston
Listed By:
Matt Wagner · License #TX 729650
Source:
Crexi
Added: Mar 11
Changed: Oct 6
Last Checked: Oct 20 at 7:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Houston
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Investment Insights
Based on property information with market context.
Odessa West MHP is a 40-space mobile home community in Odessa, Texas, featuring 33 park-owned homes, 6 tenant-owned homes, and one vacant space. Of the park-owned homes, two are currently used for storage, and one is occupied by the owner as a personal residence.
In addition to the main park, there are two vacant duplexes on a separate private lot that are not included in the space count. These duplexes require renovation and utility connections; however, the parcel includes three septic tanks that can be tied into the duplexes.
The park operates on city water and septic. Water is sub-metered and billed back to tenants, and electricity is also billed back. Sewer and trash services are included in the rent, and the current owners self-manage the property.
In addition to the main park, there are two vacant duplexes on a separate private lot that are not included in the space count. These duplexes require renovation and utility connections; however, the parcel includes three septic tanks that can be tied into the duplexes.
The park operates on city water and septic. Water is sub-metered and billed back to tenants, and electricity is also billed back. Sewer and trash services are included in the rent, and the current owners self-manage the property.
Key Highlights
- 40‑space Odessa, TX mobile home community with 33 park‑owned homes, 6 tenant‑owned homes, and 1 vacant space
- Average rent for park‑owned homes is $1,634/month; current lot rent is $500/month
- On city water and septic; water is sub‑metered and billed back to tenants, and electricity is billed back
Property Analytics
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Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
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Business Placement
Demographics for 79763, TX
39,767
Population
15,063
Households
2.6
Avg Household Size
33
Median Age
9%
College-Educated
70%
High-School Grad
50.4 sq mi
ZIP Area
789
Density / Sq Mi
$57,618
Median Household Income
$45,267
Median Earnings
$1,097
Median Rent
$127,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - A 40-space mobile home community with park-owned and tenant-owned homes plus one vacant space.
Where is this mobile home & rv park located?
The property is located at 8500 W 23rd St Odessa, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 40‑space Odessa, TX mobile home community with 33 park‑owned homes, 6 tenant‑owned homes, and 1 vacant space; Average rent for park‑owned homes is $1,634/month; current lot rent is $500/month; On city water and septic; water is sub‑metered and billed back to tenants, and electricity is billed back
