ID: 6379

Mobile Home Park

(279 Units) Odessa, Lubbock, Plainview, TX

Asking Price: $8,000,000 plus buyer pays 4% Commission.

OFF-MARKET MOBILE HOME PARK PORTFOLIO –

WEST TEXAS VALUE-ADD OPPORTUNITY

Odessa, Lubbock, and Plainview, Texas 5 Parks | 279 Total Units Final Portfolio

Price: $8,000,000 (Plus buyer pays 4% Commission)

This is an income-generating portfolio of five mobile home parks located across the high-demand markets of West Texas. With a total of 279 units, this workforce housing portfolio provides a strategic value-add opportunity through infill, lease-ups, rent increases, and operational streamlining.

PORTFOLIO HIGHLIGHTS

Total Units: 279

Occupied Units (as of April 2025): ~86%

Gross Scheduled Rent (GSR): ~$39,600/month | ~$475K+ annually

Actual Collected Rent (Last Roll): ~$29,700/month | ~$356K annually

Vacancy Upside: Strong potential to add ~$120K+ annual revenue through lease-up

Tenant Profile: Primarily long-term tenants, with a mix of lot rentals, park-owned homes, and rent-to-own scenarios

Asset Class: C-Class Workforce Housing

PROPERTY LOCATIONS & DETAILS

Odessa, TX | 7 Units – $309,500

Lubbock, TX | 46 Units – $2,166,500 (xxxth Street MHP – ~91% occupied)

Lubbock, TX | 70 Units – $1,857,000 (xxxxxxx – ~77% occupied)

Plainview, TX | 56 Units – $1,857,000 (xxxxxx – ~95% occupied)

Plainview, TX | 100 Units – $2,166,500 (xxxxxx – ~75% occupied)

Financials: Available to the qualified buyer with proof of funds.

INVESTMENT UPSIDE

Lease-up of existing vacant units and lots

Rent increases across below-market units

Potential to convert rent-to-own units to fee-simple

Streamline management and operational costs

This is a rare chance to acquire a cash-flowing, geographically concentrated portfolio in growth-focused Texas metros. Whether you are a seasoned MHP operator or fund looking to expand into affordable housing, this package offers immediate income with strong upside.