About 1-16 Odessa
Excellent investment opportunity offering 14 single-wide 3BR/2BA homes (~1,000 sq ft each) on individual 0.10-acre lots and 2 efficiency cabins. This well-maintained park is 90% occupied with strong, consistent rental demand in the growing Lake LBJ corridor. Each unit rents for $1,400/month, providing reliable cash flow with tenants responsible for their own utilities or structured as gross rents. Operating expenses average ~35% of gross income, aligning with typical small-park performance. Based on current numbers, investors can expect a 7%–8% cap rate, with potential upside through modest rent increases or utility restructuring. Located close to schools, shopping, and year-round recreation, this property benefits from Kingsland’s steady population growth and demand for affordable housing. A rare turnkey, stabilized MH park offering solid income and long-term stability in Central Texas.
Features of 1-16 Odessa
| MLS® # | 175796 |
|---|---|
| Price | $2,125,000 |
| Bathrooms | 0.00 |
| Square Footage | 1,000 |
| Acres | 1.95 |
| Year Built | 2024 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 1-16 Odessa |
|---|---|
| City | Kingsland |
| County | Llano |
| State | TX |
| Zip Code | 78639 |
Amenities
| Has Pool | No |
|---|
Interior
| Appliances | Dishwasher, Electric Range, Refrigerator, Washer Hookup |
|---|---|
| Heating | Central, Electric |
| Cooling | Central Air |
| Fireplace | No |
| Has Basement | No |
Waterfront Information
| Is Waterfront | No |
|---|---|
| Waterfront | No |
Additional Information
| Date Listed | November 24th, 2025 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Katie Simon |
|---|---|
| Office | Lake Life Team-eXp Realty |