Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Land: This is land for developing a mobile home park
  • Cap Rate: 12.1%
  • Listing ID: 133999
  • Posted On: Apr 13, 2012
  • Updated On: Sep 4, 2014

Description

IMPROVEMENTS - Seventy-six (76) lots with concrete parking pads
Each lot has a natural-gas meter, an electric meters, water meters, Cable TV, AT&T. There are RV rentals and mobile homes (optional) to purchase with Timberline Mobile Home & RV Park. Two years ago a strong downburst damaged some mobile homes. hose homes were abandoned.
TIMBERLINE is 4 miles from Conoco-Phillips refinery and the North 14th major shopping area. 3/4 mile to Osage Nation Casino; Restaurants; Valero & Conoco gas stations, (a new) Dollar-Saver store; Vet clinic; Used car lot; Tag agency; Tavern; Trucking company; Oil Supply Co.; Antique store---etc.
TIMBERLINE PARK is one mile east of the “new†river bridge over the Arkansas River on the South edge of Ponca City, Oklahoma, and only 3/4 miles North of Hwy 60 E on City View Street. For more info, Frank Childers at (580) 304-9121 or timberlinepark@gmail.com

Location

1 mile east of Ponca City, Ok in Osage County Not in the city limits

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 76
Total Occupancy: 50.0 %
Year Built: 1980
Average MH Lot Rent: $120
Size: 22 acre(s)

Financial Information

Gross Income: $47
Operating Expense: $4
Net Operating Income: $47
Expense Ratio: 8.5 %
Debt Info: Loan - app. 90,000

RV Information

Number of RV Lots: 20
Average RV Lot Rent: $120

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $450

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