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Address is 2900 N. Union St. Ponca City, OK 74601

Todd Fletcher

ARA MHC Group

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Meadowbrook Village

Mobile Home Park for Sale in Ponca City, Oklahoma

2900 N. Union St.
Ponca City, OK 74601

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Contact Information

Todd Fletcher
ARA MHC Group

Mobile Home Park for Sale

(Distressed)
This property is in default, REO or in foreclosure.
Number of MH Lots: 130
Size: 23.5 acre(s)
Purchase Method: Cash, New Loan
Status: Sold
Property ID: 369119
Posted on: Apr 15, 2013
Updated on: Dec 03, 2013

Property Description

Opportunity to acquire sizable all age community in Northern Oklahoma through a lender approved short sale.

Management reports receiving numerous calls each week from prospective residents but does not have the inventory to accomodate them.

Tremendous management turnaround potential with the opportunity to purchase the community at an attractive basis & implement a sales or leasing program.

Potential to expand the community up to 161 sites by finishing utility connections or repositioning homes.

The community is serviced by municipal utilities through Ponca City. Water is sub-metered and billed back to tenants.

The sale includes 17 inventory homes with 13 currently occupied and making payments under a lease to own or rental program.

The community has paved streets and off-street parking and includes an on-site office, a laundry room, and a storm shelter.

Park Information

Number of MH Lots:130
Total Occupancy:45.0%
Year Built:1970
Average MH Lot Rent: $218
Size:23.5 acre(s)

Utility Information

Water:City
Water Paid By: Tenant - Submetered
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:17
Average Rent for Park-owned Homes: $289