720 Mulberry St Odessa, TX 79766
- Mobile home & RV parks
- 2.00 lot acres
Current Use by Public Records
- Roadrunner Trailer Park / Rv Park
Property Details for 720 Mulberry St
- Year built
- 2011
- Lot size
- 2.00 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
This exceptional investment opportunity presents a 34-site RV park in Odessa, Texas, currently boasting 94% occupancy. The property, built in 2011, sits on two acres and includes 34 park-owned RVs. The park generates a net operating income (NOI) of $173,044, with a pro-forma NOI projected at $187,670. Conveniently located near US Route 385, a major thoroughfare with over 17,000 vehicles daily, the park benefits from high visibility and accessibility. Amenities include laundry facilities, 24/7 security cameras, free Dish TV, and keyed mailboxes. The property operates on a private well water and septic system. Odessa's thriving job market, situated above the Permian Basin, offers a strong tenant base with an average household income within a 10-mile radius of $69,694 (2024 data). Midland International Airport is approximately 23 miles away. This is a value-add opportunity with potential for rental rate increases. The asking price is $300,000.
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
- Ector
- State
- Texas
- Longitude
- -102.332
- Latitude
- 31.6982
