Contact Information
Ron Pillay
Mobile Home Park Details
- Price: $2,285,000
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 14.1%
- Property ID: 1162345
- Posted On: Dec 9, 2019
- Updated On: Feb 10, 2020
Property Description
Junron Estate LLC and CCMH Rentals is offering three parks in Park Hill and Tahlequah with a total of 104 sites within three miles apart.
South breeze Mobile home park is located at 21403 S Keeler Drive Park Hill OK 74451 and consist of 44 sites with city water and two homes per septic.
Butterfly Creek mobile home park is located at 19000 E 801 Rd Park Hill OK 74451 and consist of 34 sites with City water and two homes per septic.
Stepp Mobile Home Park is located at 129 W Willis Rd Tahlequah OK 74464 and consist of 24 sites with city water and sewer.
Location
Parks are located close to :
https://www.facebook.com/CherokeeCasinoTahlequah/
https://www.walmart.com/store/10/tahlequah-ok/details
https://www.ihs.gov/dentaldir/index.cfm?fuseaction=OutsideDirectory.displayfacility&fac_id=325&area=10&su=154
https://www.laketenkiller.com/
https://www.nsuok.edu/
https://www.greenleafnursery.com/
https://www.lowes.com/store/OK-Tahlequah/1818
https://www.tahlequahdailypress.com/news/local_news/tribe-city-break-ground-on-tru-by-hilton-hotel/article_d4826e0f-965a-5f22-8a74-1a82033752d3.html
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 104 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1985 |
| Average MH Lot Rent: | $265 |
| Size: | 25.0 acre(s) |
Financial Information (Actual)
| Gross Income | $467,000 |
| Operating Expense | $144,770 |
| Net Operating Income | $322,230 |
| Expense Ratio | 31.0 % |
| Debt Info | 600000.00 down Balance at 6% - 25 year term 40 months balloon |
Lot Information
| Singlewide Lots: | 87 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $295 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 70 |
| Average Rent for Park-owned Homes: | $450 |
