Property profile

403 48Th St Odessa, TX 79764

OFF-MARKET
Mobile home & RV parks
920 SF 0.57 ac lot Built 1948
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Mobile home & RV parks
Year built 1948
Total area 920 SF
Lot 0.57 ac (24,829 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

403 48Th St Odessa, TX 79764
Odessa metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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