Temporary Workforce Housing Development

Odessa, TX (Ector County)

Temporary Workforce Housing Development
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Asking Price: $18,220,800

Cash Flow: $6,073,600

Gross Revenue: $7,592,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $4,605,800

Established: 2018

Temporary Workforce Housing Development

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Business Description

Temporary Workforce Housing Development in the Permian Basin

The Company is a pre-revenue Temporary Workforce Housing Development that will be offered a contingency to hand over the project at full occupancy.

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
4
Facilities:
• 20 acres of land • 28 – six-bedroom modular housing units • 20 – two-bedroom VIP suite mobile homes • 2800 sq. ft Home on property with 1 barn, 1 café, 1 workshop / shed • Permitted legal “Mobile Home Recreational Community” subdivision • Civil Engineered site plan, and permitted septic system • 5 water wells, and $80K in water storage and distribution system • Legally Permitted for 126 mobile home units of any room count (2-6) as they property is legally subdivided into 10 lots. • $300K in Power upgrades, panels, to 7600 Amps • Fiber Optic Cable to the Property and Wi-Fi distributed via modems park wide and in every building • 26’x58’ day room used for catering breakfasts and dinners • 26’x58’ Gym loaded with commercial grade cardio, machine and free weight equipment.
Competition:
The Permian workforce housing industry is an amazing anomaly compared to other forms of residential or hospitality engagements in dramatic inverse risk and time versus costs per door. The 50,000 to 70,000 incoming workers over the next few years are arriving to an area without housing availability. Employers pay for housing as most employees do not reside in the Permian Basin.
Financing:
Yes, contigent on offer! We must speak with the prospect by PHONE first.
Support & Training:
Seller is flexible in providing a transitional period of 1 to 3 months for training to the buyer
Reason for Selling:
Seller is looking into expanding into other housing projects
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Contact the Seller

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Enrique Romero

Business Listed By:
Enrique V. Romero

The Midessa Group

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