8449 26Th St Odessa, TX 79763

Property Details for 8449 26Th St

Property size

115,869 SF

Property type

Mobile home & RV parks

Property subtype

Campgrounds

Description

This thriving Odessa, TX RV park, established in 2014, presents a compelling investment opportunity. Situated on 2.5 acres at 8449 W 26th St, Odessa, TX 79763, this well-maintained park boasts 31 pads (30 rentable, 1 for storage), consistently achieving high occupancy rates. The park's streamlined operation minimizes overhead, focusing on essential amenities: city water, a septic system, electricity supplied by two transformers, and hardwired WiFi to each site (with modem rental option). A paved entry and caliche-covered grounds ensure durability and easy maintenance. The fully fenced property includes dedicated parking at each site and additional perimeter spaces. A communication tower with a perpetuity lease adds further value. The park's strategic location near I-20 and major retailers like Walmart and HEB makes it highly attractive to transient workers, particularly in the oilfield and construction sectors. Financial records demonstrate a strong NOI of $72,500, resulting in a 10% cap rate. This low-maintenance, high-return asset is ideal for investors seeking a stable, cash-flowing investment in a high-demand area. The park's simple, effective management, utilizing tools like QuickBooks for invoicing and remote security cameras, further enhances its appeal. The asking price is $725,000. This turnkey operation offers immediate income and significant growth potential.