Contact Information

Ron Pillay

Junron Estate

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

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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

Video

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