Property details
Oklahoma Mobile Home Park Portfolio For Sale, Southwest Region
Property Description
Oklahoma Mobile Home Park Portfolio For Sale
Portfolio of 2 Class "A" Parks.
Class Type: Both Parka are Class "A" Parks.
High Occupancy: Currently over 90% occupancy!
Both Parks Are Located in thriving suburbs of 1 major Oklahoma city.
The parks are prices at 6% cap for one and 6.5% cap for the other.
The park owned homes are priced at a present value with a 10% discount rate for the RTO's/notes and a fixed/market price for the rentals.
High Average MHP pad rents of $515+.
Total of approx. 120 sites with a combined 75% having park-owned mobiles.
The Close Proximity of each park to the other is less than 30 minutes.
MHP and RV Parks Development Sites
Images
Highlights
- Status:
- Available
- Price:
- $10,950,000
- Cap Rate:
- 6.50%
Property Information
- Property Type:
- Mobile Home Parks
- Industry Type:
- Mobile Home Park
- Units/Spaces:
- 120
- Purchase Tenure:
- Fee Simple
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.