Investment Overview

The Esterson MHC Team is pleased to present the Main St RV Park – Midland, a 168-unit RV community located in the high-growth Odessa–Midland MSA, Texas. This stabilized investment opportunity features 159 income-producing RV pads and 9 motel/apartment-style units, delivering strong in-place cash flow with compelling upside through operational improvements and continued rent growth. Situated within the heart of Midland’s booming energy corridor, Main St RV Park benefits from a dynamic economy driven by the Permian Basin’s oil and gas industry, robust infrastructure investment, and a resilient blue-collar workforce. The park is located at 10515 W County Road 127, offering direct access to major highways, regional employers, and logistics hubs. Located only 2.5 miles from the Midland International Airport. The Odessa–Midland region is recognized for its significant population growth, low unemployment, and strong demand for affordable workforce housing solutions such as extended-stay RV living. The park totals 168 rental units, consisting of 159 active RV lots and 9 apartment like motel units. Current average monthly RV rent is approximately $597 including all utilities. The 9 motel units rent for $1,000/month. Ownership currently uses them for their staff when they are on site and will lease back these units post sale. The motel units have been remodeled and all include full bathrooms and kitchens. With a current 95% occupancy on the RV lots, the asset produces about $1,203,900 in gross income based on current rents and achieves $782,576 in NOI after expenses. The offering reflects an 11.3% in-place cap rate on current financials, with a market pro forma cap rate of 12.2%. Main St RV operates on public utilities—city water, sewer, electric, and trash—all paid by ownership, offering consistent service and management control. Utility infrastructure is fully operational and in good condition. The paved roads are in good shape. The park is not located in a flood zone. The Midland housing market remains extremely tight, with less than 5% vacancy across all multifamily asset classes and has strong continued demand from transient and energy-related workforces. According to the latest data, average apartment rents in Midland are $1,560 for 2-bedroom units and $1,953 for 3-bedroom units, illustrating the continued affordability gap driving strong RV housing demand in this region. With zero park-owned homes and a simple operational footprint, the park provides investors with a clean, scalable platform requiring minimal capex and limited management complexity. Value-add opportunities include metering for tenant utility reimbursement, streamlining billing systems, and pushing rents to market, providing an immediate path to increase revenue. We are asking investors to submit offers at or above $6,950,000 (an 11.3% cap rate upon entry). All offers must include price, inspection timelines, appropriate terms, proof of funds, a list of due diligence items required from ownership, and relevant real estate experience. This offering represents a high-yield, low-barrier opportunity in a supply-constrained workforce housing market backed by strong fundamentals and durable tenant demand. Both conventional recourse and bridge lending options should be available.