15 Shelly Ln - Manufactured Housing/Mobile Housing FOR SALE


Ardmore, OK 73401
$1,275,000 USD
954-902-5251
15 Shelly Ln, Ardmore, OK for Sale
$1,275,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/5
null | 7.49% Cap Rate

15 Shelly Ln
Ardmore, OK 73401


HIGHLIGHTS

  • 47 Total Sites, 35 Tenant-Owned Homes, 2 Vacant Park-Owned Homes, 2 Vacant Park-Owned Homes & 1 Single-Family Home
  • City Water & Lagoon System, Water & Electric Are Direct Billed to Tenants & No Owner-Paid Water or Electric Expense
  • The Lagoon System is Not Included in Sale Price
  • The System Currently Cervices the North Subdivision; Each Home in the Subdivision Pays $40/Month, Totaling $15,360 Annually
  • The Lagoon System Can Be Sold For an Addi onal Price, or the Property Will Need to Pay For Service Going Forward
  • 1,350 SF, Built in 1998 & 3 Bed / 2 Bath

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the Brock Road Mobile Home Park located at 15 Shelly Lane in Ardmore, Oklahoma. This 47-site community consists of 35 tenant-owned homes, 2 vacant park-owned homes, 10 vacant lots (including 5 RV-capable sites) and 1 single-family home. The property benefits from very low owner expenses, creating an efficient operational structure and providing investors with a strong value-add opportunity through the lease-up of vacant sites and continued stabilization of the community. In Cooperation With Sands Investment Group Oklahoma LLC – Lic. #207753 BoR: Tom Gorman – Lic. OK #207754

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$27 USD /SF

# OF UNITS

47

PRICE/UNIT

$27,128

CAP RATE

7.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brock Rd Mobile Home Park - Ardmore, OK

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

19.14 AC

LAND SF

833,738 SF

ZONING

-

APN/PARCEL ID

2990-29-04S-01E-3-022-00

ASK ABOUT THIS PROPERTY

Kristen DeninnoSands Investment GroupMore Info
954-902-5251

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Kristen DeninnoSands Investment GroupMore Info
954-902-5251

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.