For Sale
$800,000

9605 Hutson Rd Odessa, TX 79763

Nine-unit manufactured home community, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
133
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.

Highlights

  • 9-unit manufactured home community in Odessa, TX (79763) on a 1.53-acre lot.
  • Nine single-story buildings, each with three bedrooms and two bathrooms, built in 2018.
  • MHP zoning; some units are move-in ready with appliances.
  • Asking price: $800,000; significant upside potential through operational improvements.
  • Located at 9605 W Hutson Road, Odessa, TX.

Property Details for 9605 Hutson Rd

Property type
Apartment buildings, Small apartment buildings
Class
D
Year Built
2018
Buildings
9
Stories
1
Lot Size (sq. ft)
66,647 SF
Units
9

Location Insight

City
Odessa
County
Other
State
Texas
Latitude
31.8050434
Longitude
-102.4833501

FAQs

What type of property is this?
Apartment building - Nine-unit manufactured home community, high potential.
Where is the apartment building located?
The property is located at 9605 Hutson Rd Odessa, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 9-unit manufactured home community in Odessa, TX (79763) on a 1.53-acre lot.; Nine single-story buildings, each with three bedrooms and two bathrooms, built in 2018.; MHP zoning; some units are move-in ready with appliances.
How can I contact the broker?
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9605 Hutson Rd
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