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Address is 1501 W. Dupont St. Claremore, OK 74017

Steven Hinkle

Leisure Estates

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Leisure Estates

Manufactured Home Community for Sale in Claremore, Oklahoma

1501 W. Dupont St.
Claremore, OK 74017

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Sale Price: $1,030,000
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Contact Information

Steven Hinkle
Leisure Estates

Mobile Home Park for Sale

Number of MH Lots: 41
Size: 5 acre(s)
Cap Rate: 10.0%
Purchase Method: Cash, New Loan
Status: Active
Property ID: 273030
Posted on: Sep 18, 2012
Updated on: May 23, 2014
Price: $1,030,000

Property Description

The park has 45 spaces 4 are RV lots and the 20 park owned homes are all rented and in very good shape. Rent ranges from $400-$675.00 monthly. The rest are owner occupied. Paved streets with all city utilities. Contact seller for more information.

Location Description

This is a nice peaceful park a short distance from Tulsa. The park is located in town across from the City Expo/Recreation Center. The recreation center offers a jogging track inside and out, large pool, tennis, weights and more. Close to shopping, resturants and hospital.

Park Information

Number of MH Lots:41
Total Occupancy:99.0%
Year Built:1985
Average MH Lot Rent: $165
Size:5.0 acre(s)

Financial Information (Actual)

Gross Income$170,000
Operating Expense$67,000
Net Operating Income$103,000
Expense Ratio 39.4%
Debt Info

Lot Information

Singlewide Lots:41

RV Information

Number of RV Lots:4
Average RV Lot Rent: $0

Utility Information

Water:City
Water Paid By: Park
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:20
Average Rent for Park-owned Homes: $500




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