403 48Th St Odessa, TX 79764
This exceptional investment opportunity presents a well-maintained mobile home park situated on a 0.57-acre lot in Odessa, Texas. The property, located at 403 W 48th St, 79764, boasts nine rental spaces, generating strong potential rental income. Built in 1948 and extensively renovated in 2021, the park includes a 920-square-foot, two-bedroom, one-bathroom home that can also be rented, adding to the overall revenue stream. The property's central location within Odessa provides easy access to local amenities and a strong tenant pool. The asking price is $229,000, translating to $248.91 per square foot. The park is zoned for single-family use, offering flexibility and potential for future development. The property is currently owned by Big Country 1109 LLC and owner financing may be available to qualified buyers. This is a turnkey operation ideal for investors seeking a stable, cash-flowing asset in a thriving Texas market. The property's recent renovations ensure minimal immediate maintenance needs, maximizing return on investment. Don't miss this chance to acquire a profitable and well-located mobile home park.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.