18105 Coker rd - Manufactured Housing/Mobile Housing FOR SALE


Bethel Acres, OK 74801
$2,850,000 USD
405-414-9803
18105 Coker rd, Bethel Acres, OK for Sale
$2,850,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/11
null | 10.56% Cap Rate

18105 Coker rd
Bethel Acres, OK 74801


HIGHLIGHTS

  • CLEAN PARK
  • 31 PARK OWNED MOBILE HOMES ARE 38% OF PRICE
  • 87% OF POH ARE 2000-NEWER
  • ADJACENT TO WESTERN PARK II - ALL 2022 POHs WHICH CAN BE PURCHASED AS 79 SITES
  • OKC MSA

OVERVIEW

NEW LISTING!! Western Park I is a 59 site OKC area MHP. INCLUDES 31 park owned mobile homes, valued at $1,040,000 or 37% of the price, 87% of these home are 2000-newer, all rentals except for 1 RTO. $2,850,000, $48,305/site, 10.56% cap, 16.95 acres, 77% occupancy (2 vacant homes and 12 sites are vacant), lagoon sewer and rural water are paid by the park and tenant pays for electricity. The park is located in the small bedroom community of Bethel Acres (population 3,300) to OKC (population 1.45M) and adjacent to Shawnee (population of 32,000). The park is in the OKC MSA. Bethel Acres, with a highly rated school; district, is 30 miles away from OKC on I-40. There are 5 casinos within 7 miles of the park. This park is for sale by a local builder/developer along with 2 other parks (on Loopnet)which may be purchased seperately or as a portfolio. These parks are the adjacent Western Park II MHP (20 sites-all 2022 2/2 mobile homes-$1,450,000-10.07% cap) and the Opening Doors MHP (25 sites-$1,200,000-9.18% cap) located 2 miles away, all in Bethel Acres, OK. The sales pkg attachment has information on all 3 parks.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$1,447 USD /SF

# OF UNITS

59

PRICE/UNIT

$48,305

CAP RATE

10.56%

% LEASED

77%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

WESTERN PARK I MHP

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

16.95 AC

LAND SF

738,342 SF

ZONING

-

APN/PARCEL ID

000033010003001900

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.