* Funding Partner Opportunity *

Transaction Details - 9.9 Acre Property In Odessa, TX

Property Acquisition Cost: $61,500

Closing Costs: +/- $3,000

Total Transaction Purchase Price (including closing costs): $64,500

Market Value Of Property: $316,800 (see comps below)

Anticipated Sale Price: $150,000

Anticipated Transaction Completion Time: 120 days

Title or Notary Acquisition? Title

Title or Notary Sale? Title

Percentage Of Funding Required From Partner: 100%

Funding Partner Profit Split: 40/60 (40% + return of capital to Funding Partner)

Anticipated Budget: $150,000 – $61,500 – $3,000 (CC) = $85,500

Funding Partner Receives: $34,200 (40%) plus return of capital

Comps

#1: 6.2 acres – Price: $290k ($47k/AC) – 9917 W County Road 152, Midland

#2: 8.6 acres – Price $255k ($30k/AC) -16172 N. Horseshoe Dr, Gardendale

#3: 9.24 acres – Price: $300k ($32k/AC) – 15408 S. Agate Ave, Odessa

#4: 10 acres – Price: $1.6 million ($160k/AC) – S County Road 1235, Midland

#5: 10.11 acres – Price: $202k ($20k/AC) – W. 42nd St., Odessa

#6: 10.5 acres: – Price: $450k ($43k/AC) – S. Highway 385, Odessa

#7: 12.71 acres: – Price: $475k ($37k/AC) – W. University Blvd, Odessa

#8: 16.57 acres – Price: $380k ($23k/AC) – N. Knox Ave, Odessa

Median Price Per Acre Of Comps: $37k

Market Value Of Property: $366k (9.9 acres x $37k = $366k)

Note: If you omit the outlier comp (#4 above), the Median Price Per Acre is $32k, with a Market Value of $316,800.

(Please scroll down to see additional details about this property.)

9.9 Acre “Unrestricted Lot” In Ector County
Just 1 Mile North Of I-20 – In West Odessa
On W Drivers Hall Of Fame Street – Many Possible Uses

Discounted Cash Price: $169,900

Features Of This Property:

1. Wide open space – a 9.9 acre lot in West Odessa.

2. This lot is ‘unrestricted’ and has many possible uses including:

a. Site for new home residence

b. Site for mobile home(s) – single home dwelling or a mobile home park

c. Site for RVs

d. Horse stables

e. Field office, construction yard, or office

f. Parking lot for trucks and trailers

g. Contractor storage or equipment yard

h. Oil field equipment and storage yard

i. Salvage yard for vehicles, machinery, or materials

j. Light manufacturing or industrial uses

3. Privacy – The lot includes a road/driveway that runs north from Drivers Hall Of Fame Street and is approximately 535 feet in length (see photo below).

4. Mobile homes and RVs are allowed.

5. Excellent location – the subject property is 9 miles southwest of Downtown Odessa.

6. I-20 is 1 mile south of the lot.

7. Just a short drive away from anything you need in the Odessa are including restaurants… grocery stores… parks… a university and college… banks… and more.

8. Midland is 25 miles from the property.

9. INVESTOR SPECIAL – This parcel is priced below 50% of its market value for a quick sale. Based on comps in the area, the market value of this property is $342,000. For example, there’s a 9 acre tract nearby selling for $300,000. Another property – 10 acres – is selling for $450,000. You can literally buy this 9.9 acre property today at our low sales price of $169,900… and re-sell it next week for a BIG profit.

Click the ‘Claim This Land Now’ button below, to get buying process started.

Property Location

Street Address: W Drivers Hall Of Fame Street

Subdivision: N/A

City: Odessa

County: Ector

Zip Code: 79763

Approximate Distance To Nearby Cities & Towns:

Downtown Odessa – 9 miles
Midland, TX – 25 miles
Big Spring, TX – 68 miles
Fort Stockton, TX – 78 miles
San Angelo, TX – 136 miles
Lubbock, TX – 147 miles
Abilene, TX – 176 miles
Fort Worth, TX – 320 miles
San Antonio, TX – 337 miles
Austin, TX – 341 miles
Dallas, TX – 354 miles
Houston, TX – 481 miles

GPS Coordinates: 31.785973, -102.504342

4 Corner GPS Coordinates:

Northwest Corner: 31.786803, -102.505501

Northeast Corner: 31.787201, -102.503901

Southwest Corner: 31.784702, -102.504805

Southeast Corner: 31.785102, -102.503205

Google Map Link: https://goo.gl/maps/aeHcdHMhap88o3Gn7

Property Details:

Size: 9.9 acres

School District: Ector County Independent School District

Elementary School: Lauro Cavazos Elementary School

Middle School: Ector J High School

High School: Odessa High School

Property Taxes: $966.93 per year

Water: Water well… water delivery service… or rainwater collection system needed

Electricity: At the road, provided by Oncor Electric Delivery – Tel: (888) 313-6862

Sewer: Septic system needed

Gas: Provided by Eagle Propane – Tel: (432) 530-1100

Mobile Home(s) Allowed: Yes

RV(s) Allowed: Yes

Flood Zone: No

Area Information:

The subject property is located in Ector County which had a population of 172,026 as of 2020. The County Seat is Odessa and it had a population of 119,738 in 2020.

Midland is 30 miles from the property and it had a population of 145,012 in 2020.