Mobile Home Park Details
- Cap Rate: 14.0%
- Listing ID: 1721790
- Posted On: Jul 26, 2022
- Updated On: Aug 31, 2022
Description
* 28 RV Lots - Some lots are fenced
* 1 Single Family Home 3 bed/ 2 Bath with carport. Needs Rehab
* Kiosk onsite to accept payment for transient RV's
* Easy to manage with an onsite payment system in place. Comp. RV spot to an onsite manager and have them keep an eye out on the park and other tenants.
* CITY WATER / CITY SEWER
* City gas is available
* 28-50 amp full hook-up RV sites.
* 9 separate utility accounts, ability to sub-meter all lots
* Gravel / Concrete Road System
* Financing available to qualified buyers. Terms TBD
* Value Add Property
*
Location
*Located directly off Hwy 62 and Hwy 283 RV travel corridors through the region of Altus, Oklahoma.
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Park Information
| Total Occupancy: | 70.0 % |
| Year Built: | 1970 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $113,400 |
| Operating Expense: | $23,590 |
| Net Operating Income: | $55,790 |
| Expense Ratio: | 20.8 % |
Utility Information
| Water: | City |
| Sewer: | City |
