Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 13.6%
  • Property ID: 1153258
  • Posted On: Nov 6, 2019
  • Updated On: Feb 6, 2020

Property Description

44 SITES ON 10 ACRES CITY WATER AND TWO HOMES PER SEPTIC.
100% OCCUPIED
everyone wants to buy low but no one wants to pay the listing price right! So if this park which is worth $40000.00 an acre by 7.5 acres  just for the land due to the growth and Cherokee Casino within a mile and over $175000000.00 development being developed right now.  But we have 44 sites of which 37 is occupied with a rental income of $17505.00 monthly gross .
995000.00 with 70% financing.
This is 13.62% cap base on 40% expenses did not allow for vacancies. with 10% vacancy and 5% turn around 55% for expenses - 13.62% cap using 55% for expenses. You cannot buy this again Snooze you loose.

Location

21403 S Keeler Dr Park hill ok 74451

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Park Information

Community Type: All Age
Number of MH Lots: 44
Total Occupancy: 99.0 %
Year Built: 1985
Average MH Lot Rent: $265
Size: 10.0 acre(s)

Lot Information

Singlewide Lots: 36
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $265

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 31
Average Rent for Park-owned Homes: $450

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