Investment Overview

Marcus & Millichap is pleased to present Vista West Mobile Home Park, a 230-space mobile home park in Odessa, Texas. The park is located in the heart of Odessa just a mile away from New Tech Odessa High School and less than four miles away from the closest Walmart. Vista West Mobile Home Park is being offered at a 6.00 percent capitalization rate with an estimated net operating income of $1,301,152. The Park is made up of three parcels. The largest parcel contains Vista West, which has 159 tenant-owned homes (TOHs), 25 park-owned homes (POHs) and eight rent to own tenants (RTO), a clubhouse, and pool. Vista West Villas sits on the other two parcels and consists of 30 tenant-owned homes (TOHs), two RV Spaces, four park-owned homes (POHs) and two rent to own tenants (RTO). The current owner charges $475-$590 for lot rent at Vista West and $400 at the Vista West Villas. The park runs on all city utilities. The water, sewer, and trash are all passed through to tenants. Electricity is directly billed to tenants. Please do not visit park without prior approval. Please arrange property tours with Marcus & Millichap listing agents.