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    9605 Hutson Rd Odessa, TX 79763

    For Sale
    $800,000

    Nine-unit manufactured home community, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional value-add investment opportunity presents a 9-unit manufactured home community situated on a 1.53-acre lot in Odessa, Texas. The property, located at 9605 W Hutson Road, zip code 79763, consists of nine single-story buildings, each constructed in 2018. Each unit boasts a modern design, featuring three bedrooms and two bathrooms, with an open-concept living and kitchen area. Some units are move-in ready, complete with appliances. The property is zoned MHP (Manufactured Home Park) and presents a compelling opportunity for investors seeking a value-add project in a stable market. The asking price is $800,000. While the current cap rate is listed as 0.00%, the property's potential for increased revenue through operational improvements and market adjustments makes it an attractive proposition. The quiet location offers residents a peaceful environment. This property is ideal for investors seeking affordable housing options or those looking to capitalize on the growing demand for rental properties in the Odessa area. The property's strong foundation and modern design of the units provide a solid base for future growth and profitability. This is a rare opportunity to acquire a well-maintained, nine-unit manufactured home community with significant upside potential.

    Property Features for 9605 Hutson Rd

    General Information

    Property type
    Multifamily properties
    Class
    D
    Lot Size
    66,647 SF

    Building Details

    Year Built
    2018
    Buildings
    9
    Stories
    1
    Units
    9

    HighLights

    • 9‑unit manufactured home community in Odessa, TX (79763) on a 1.53‑acre lot.
    • Nine single‑story buildings, each with three bedrooms and two bathrooms, built in 2018.
    • MHP zoning; some units are move‑in ready with appliances.
    • Asking price: $800,000; significant upside potential through operational improvements.
    • Located at 9605 W Hutson Road, Odessa, TX.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store Department Store Accounting Firm Bar & Pub Discount Store Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Other
    State
    Texas
    Longitude
    -102.4833501
    Latitude
    31.8050434

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    FAQs

    What type of property is this?
    Multifamily property - Nine-unit manufactured home community, high potential.
    Where is this multifamily property located?
    The property is located at 9605 Hutson Rd Odessa, TX.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: 9-unit manufactured home community in Odessa, TX (79763) on a 1.53-acre lot.; Nine single-story buildings, each with three bedrooms and two bathrooms, built in 2018.; MHP zoning; some units are move-in ready with appliances.
    Request Owner's contact information
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    Odessa, TX 79763
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9605 Hutson Rd Odessa, TX 79763
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