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Listed by Seth Koenig • Pioneer Realty
$1,200,000
Est. payment /mo
18,239 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 18,239 sqft
Price per Sqft $65
MLS Listing ID OKC1220995
Year Built 1983
Lot Size 5.000 Acres
Acres 10.0
Property Sub-Type Investment
Property Description
Opening Doors MHP is a 25-site mobile home park located in Bethel Acres, OK within the OKC MSA. Offered at $1,200,000, the property includes a diverse income mix: 16 park-owned home rentals, 4 vacant lots, 3 lot rentals, 2 stick-built home rentals, and 1 storage unit.
The park sits on 10 acres with room for expansion and is currently 88% occupied, providing immediate upside through lease-up and infill. Park-owned homes are valued at approximately $890,000 (74% of purchase price).
Infrastructure includes gravel roads, septic systems, and a combination of rural and well water.
Located in Bethel Acres (population ~3,300), a desirable community with strong schools, just 30 miles east of Oklahoma City via I-40 and adjacent to Shawnee (population ~32,000). The property benefits from its position within the OKC MSA and proximity to five casinos within a 7-mile radius, supporting consistent rental demand.
This property is owned by a local builder/developer and is offered individually or as part of a portfolio with Western Park (78 sites, $4,150,000, 8.9% cap) - located within 2 miles.
The park sits on 10 acres with room for expansion and is currently 88% occupied, providing immediate upside through lease-up and infill. Park-owned homes are valued at approximately $890,000 (74% of purchase price).
Infrastructure includes gravel roads, septic systems, and a combination of rural and well water.
Located in Bethel Acres (population ~3,300), a desirable community with strong schools, just 30 miles east of Oklahoma City via I-40 and adjacent to Shawnee (population ~32,000). The property benefits from its position within the OKC MSA and proximity to five casinos within a 7-mile radius, supporting consistent rental demand.
This property is owned by a local builder/developer and is offered individually or as part of a portfolio with Western Park (78 sites, $4,150,000, 8.9% cap) - located within 2 miles.
Location
State OK
County Pottawatomie
Zoning Mobile Home Park
Interior
Fireplace N
Building
Sewer Septic Tank
Water Rural
Others
Acceptable Financing As is Condition
Listing Terms As is Condition
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