16504 Gaddy Rd - Manufactured Housing/Mobile Housing FOR SALE


Shawnee, OK 74801
$1,200,000 USD
405-306-0245
16504 Gaddy Rd, Shawnee, OK for Sale
$1,200,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/12
null | 9.18% Cap Rate

16504 Gaddy Rd
Shawnee, OK 74801


HIGHLIGHTS

  • 25-site park with diversified revenue streams (park-owned homes, lot rent, RTO, storage) and ~$890K in home value (74% of purchase price)
  • 88% occupied on 10 acres with room to expand—immediate upside through lease-up and infill
  • Located in the OKC MSA near I-40, Shawnee, and 5 nearby casinos—supporting consistent rental demand and long-term growth

OVERVIEW

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: 17 park-owned home rentals, 4 lot rentals, 2 stick-built home rentals, 1 rent-to-own unit, 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 two nearby parks: Western Park I (59 sites, 10.56% cap) and Western Park II (20 sites, all 2022 2/2 homes, 10.07% cap) - both located within 2 miles.

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

25-Site Mobile Home Park on 10 Acres

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

Seth KoenigPioneer RealtyMore Info
405-306-0245

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Seth KoenigPioneer RealtyMore Info
405-306-0245

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