16504 Gaddy Rd - Manufactured Housing/Mobile Housing FOR SALE


Shawnee, OK 74801
$1,200,000 USD
405-414-9803
16504 Gaddy Rd, Shawnee, OK for Sale
$1,200,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/13
null | 9.18% Cap Rate

16504 Gaddy Rd
Shawnee, OK 74801


HIGHLIGHTS

  • 9.18% CAP
  • INCLUDES 2 STICK BUILT HOME RENTALS
  • VALUES OF THE HOMES ARE 74% OF PRICE
  • IN OKC MSA

OVERVIEW

NEW LISTING!! The Opening Doors MHP, $1,200,000, includes 25 sites (17 POH rentals, 4 site rent, 1 storage, 1 RTO and 2 stick built home rentals), 10 acres-some room for expansion, gravel streets, 88% occupancy, septics with both rural and well water. Park owned homes are valued at $890,000 or 74% of the purchase price. This park is located in Bethel Acres, OK, a 3,300 populated high rated schools, bedroom community to OKC (30 miles away on I-40, with population of 1.45M) and adjacent to Shawnee, population 32,000. In the OKC MSA. Within 7 miles of 5 casinos. The owners are local builder/developers and Opening Doors is being offered, either seperately, or as a portfolio, with 2 other parks 2 miles away, also in Bethel Acres. These parks are the Western Park I (59 sites including 31 park owned homes-$2,850,000-10.56% cap) and the adjacent Western Park II (20 sites-all park owned 2022 2/2-$1,450,000-10.07% cap). The sales pkg, attached hereto, includes info on all 3 parks.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$6 USD /SF

# OF UNITS

25

PRICE/UNIT

$48,000

CAP RATE

9.18%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Opening Doors MHP

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10 AC

LAND SF

435,600 SF

ZONING

-

APN/PARCEL ID

000020010003003200

ASK ABOUT THIS PROPERTY

Keith WilsonKeith Wilson Co.More Info
405-414-9803

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Keith WilsonKeith Wilson Co.More Info
405-414-9803

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