18100 Coker Rd - Manufactured Housing/Mobile Housing FOR SALE


Shawnee, OK 74801
$4,150,000 USD
405-306-0245
18100 Coker Rd, Shawnee, OK for Sale
$4,150,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/21
null | 10.77% Cap Rate

18100 Coker Rd
Shawnee, OK 74801


HIGHLIGHTS

  • 10.77% Blended Cap Rate – Strong in-place cash flow at a discounted portfolio price
  • 79 Sites | ~82% Occupied – Immediate upside through lease-up and infill
  • Prime OKC MSA Location – Strong demand drivers with proximity to I-40 and nearby casinos

OVERVIEW

The Western Park Portfolio presents a rare opportunity to acquire two stabilized and value-add mobile home communities within the growing OKC MSA. Located in Bethel Acres, OK, just 30 miles east of Oklahoma City along I-40 and adjacent to Shawnee, this combined offering includes a total of 79 sites across Western Park I and Western Park II. Western Park I consists of 59 sites across 16.95 acres and is currently 77% occupied, offering immediate upside through lease-up and infill. The property includes 31 park-owned homes valued at approximately $1,040,000, with 87% built in 2000 or newer. Utilities include lagoon sewer and rural water (park-paid), with tenants responsible for electricity. Western Park II is a newer, low-maintenance community built in 2022, featuring 20 sites on 5.17 acres. The park is 95% occupied and consists entirely of 896 SF (16’x56’) 2 bed / 2 bath rental homes. Recent construction includes full interior build-outs, modern finishes, front porches, and dual-entry access. Infrastructure includes septic systems, rural water (park-paid), and tenant-paid electricity, with additional land available for expansion. Together, the portfolio offers a strong blend of stabilized income and value-add potential, with a diverse mix of newer inventory and operational upside. The properties benefit from their location in a desirable community with strong schools and proximity to five casinos within a 7-mile radius, supporting consistent rental demand. This is a unique opportunity to acquire scale within a tight geographic footprint, with both assets located within close proximity to one another.

FOR SALE DETAILS

PRICE

$4,150,000 USD

PRICE/SF

$181 USD /SF

# OF UNITS

79

PRICE/UNIT

$52,532

CAP RATE

10.77%

% LEASED

82%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

79-Site Mobile Home Portfolio on 22.12 Acres

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

22.12 AC

LAND SF

963,547 SF

ZONING

-

APN/PARCEL ID

000033010003001902

ASK ABOUT THIS PROPERTY

Seth KoenigPioneer RealtyMore Info
405-306-0245

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

Seth KoenigPioneer RealtyMore Info
405-306-0245

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