9605 Hutson Rd Odessa, TX 79763
- Apartment buildings
- 1.53 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 9605 Hutson Rd
- Year built
- 2018
- Lot size
- 1.53 lot acres
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Other
- State
- Texas
- Longitude
- -102.483
- Latitude
- 31.805
