Office
Office
Waterfront view
Waterfront view
Front Park area
Front Park area
Swimming pool area
Swimming pool area
Enclosed dock
Enclosed dock
Inside Enclosed fishing dock
Inside Enclosed fishing dock
North shoreline frontage and jet ski pads
North shoreline frontage and jet ski pads
14 boat slip dock
14 boat slip dock
Office
Waterfront view
Front Park area
Swimming pool area
Enclosed dock
Inside Enclosed fishing dock
North shoreline frontage and jet ski pads
14 boat slip dock

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 7.5%
  • Listing ID: 786137
  • Posted On: Feb 18, 2017
  • Updated On: Aug 14, 2017

Description

Located 5 miles N/E of Grove, Ok off of Highway 10 then 1.5 miles East on E260 Road. Sits on North side waterfront property on Grand Lake of the Cherokees.
One of the best well maintained Resorts on Grand Lake with gentle slope shoreline for easy access to boat docks and boat ramp. Great location and just 2 miles from Grand Lake Casino for entertainment!

Amenities

  • Pool
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Park Information

Community Type: All Age
Number of MH Lots: 31
Total Occupancy: 100.0 %
Year Built: 1970
Average MH Lot Rent: $230
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $125
Operating Expense: $60
Net Operating Income: $65
Expense Ratio: 48.0 %
Debt Info: 0

RV Information

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

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 14
Average Rent for Park-owned Homes: $525

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