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3203 S Highway 183
Clinton, OK 73601

$3,500,000 USD

Manufactured Housing Mobile Home Park For Sale  •  1,000 SF

Property Details

• Property Type Manufactured Housing Mobile Home Park
• Total Building Size 1,000 SF
• Lot Size 41.2 AC
• Building Class C
• Year Built 1983

0 Transit Score

1 Walk Score

Highlights

There are 32 occupied and 9 vacant POH which could be sold off to tenants. This would reduce operating expenses & capex reserves while reducing basis.

Immediate upside in stabilizing the communities from 38% to 62% occupancy by leasing vacant POH & RV sites & infilling vacant lots to achieve 95% occ.

Opportunity to increase rates beyond current rent roll average to market.

Expense ratios will improve as infill drives revenue. This will lead to a substantial increase on yield.

Located within 88 miles of Oklahoma City and its employment hub.

Infilling park-models or converting RV sites to MH could improve the profile of the investment and reduce the cap rate range.

Property Flyers

Golden West MHC OK