720 E Mulberry St
Odessa, TX 79766
Auction - Roadrunner RV Park | $173K NOI · Multifamily Property For Sale
·
43,560 SF
Investment Highlights
- STARTING BID $300,000 | $173K NOI | 94% Occupied | Double Digit Cap Rate | AUCTION DECEMBER 9-11, 2024
- Value-Add Opportunity with Upside in Rents | Private Water/Septic
- Immediate Access to US Route 385
- 34-Site RV Rental Community in Odessa, Texas
- Amenities Include Laundry Facilities, 24/7 Security, Free Dish TV, Keyed Mailboxes, TVs Included In Unit
- Thriving Odessa Job Market Boasts Nation’s Second Largest Year-Over-Year Percentage Gain in Employment
Property Facts
| No. Units | 34 | Building Size | 43,560 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Lot Size | 2.00 AC | Year Built | 2011 |
| Zoning | ES2 | ||
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Lot Size | 2.00 AC |
| Building Size | 43,560 SF |
| Average Occupancy | 94% |
| No. Stories | 1 |
| Year Built | 2011 |
| Zoning | ES2 |
Amenities
Site Amenities
- Laundry Facilities
- Security System
About 720 E MULBERRY ST , ODESSA, TX 79766
Marcus & Millichap is proud to present the opportunity to purchase Roadrunner RV Rental Community, a ±34-site community located at 720 East Mulberry Street in Odessa, Texas (the “Property”). The Property is comprised of 34 park-owned RVs and is currently 94% occupied with an average rental rate below market. The Property operates on well water and septic sewer with all utilities covered by ownership. The 2-acre property is located half a mile from U.S. Route 385 and was built in 2011. US Route 385, a high traffic corridor with over 17,000 vehicles daily, is a spur of U.S. Route 85 that runs for 1,206 miles (1,941 km) from Deadwood, South Dakota to Big Bend National Park, Texas. Midland International Airport is approximately 23 miles from the park. Amenities include laundry facilities, 24/7 security cameras, free dish TV, and keyed mailboxes. Odessa is located in Ector County and is situated above the Permian Basin, a large sedimentary deposit that contains significant reserves of oil and natural gas. As of 2024, there were approximately 18,459 residents with an average household income of $69,694 within a 10-mile radius.
Property Taxes
| Parcel Number | 20550-00196-01000 | Improvements Assessment | $35,000 |
| Land Assessment | $20,000 | Total Assessment | $55,000 |
Property Taxes
