3150 W North Ave - Manufactured Housing/Mobile Housing FOR SALE


Ponca City, OK 74601
$600,000 USD
405-414-9803
3150 W North Ave, Ponca City, OK for Sale
$600,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/14
null | 15.83% Cap Rate

3150 W North Ave
Ponca City, OK 74601


HIGHLIGHTS

  • This exceptional offer provides a 116-site workforce housing community at approximately 20% of replacement cost.
  • The park includes a storm shelter, restrooms, walk-in showers, kitchen space, security cameras, laundry facilities, a dog park, and a playground.
  • Offered at just $5,172 per site, the park boasts an impressive cap rate of 11.83% (2023).
  • This property is being offered with gross scheduled rents at just 0.5x the asking price. (less than one)
  • A prime location near Phillips 66 oil Refinery drives a large workforce tenant base seeking short-term accommodation.

OVERVIEW

Offered at an exceptional value, Junction West Ponca City is a 34.16-acre workforce housing community located in a high-demand, industry-driven corridor. This 116-site park includes 71 RV lots and 45 cabins (duplexes, fourplexes, cottage cabins, and mobile homes), catering to transient and long-term workforce tenants. The park provides attractive features, including a storm shelter, Wi-Fi, cable TV, restrooms, housekeeping services, furnishings, bedding, walk-in showers, a microwave, cookware/utensils, laundry facilities, security cameras, dog parks, a children’s play area, and firepits. The cabins are 2007-2014 vintage, and the RV sites are grass/gravel with 30/50 amps and 45x90-foot pull throughs. The park pays for all utilities, city water, and a private sewer-lagoon. Priced at just $600,000 ($5,172 per site), well below replacement cost, the cabins include land, utility infrastructure, roads, office, and outbuildings. The cabins alone are valued at $1,000,000+, making the purchase price a fraction of true asset value. This offer represents approximately 20% of replacement cost with a strong 11.86% cap rate (2023). Notably, gross scheduled rents are approximately 0.5x the asking price, delivering a rare cash-flowing opportunity at an unbeatable price point. Ponca City Park is five minutes west of the 234,000-barrels-per-day (BPD) Phillips 66 Oil Refinery and derives most of its tenants from outside maintenance crews that do periodic major/minor "turns" to maintain the refinery, typically for a period of three months. Tenancy is also provided through the maintenance of four power plants located 18 miles south, as well as wind farms, bridge construction, road crews, and various oil/gas operations. The price of the offer has been reduced as of 4/25/2025, and the seller is highly motivated. Please bring all offers to Keith Wilson. The owner is selling this park and a similar 132 site workforce housing park, Junction West Coffeyville. This other offer includes 132 sites priced at $800,000 with a $300,000 price reduction. (see Loopnet). The sale is offered separately or as a portfolio opportunity.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$600 USD /SF

# OF UNITS

116

PRICE/UNIT

$5,172

CAP RATE

15.83%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Junction West Ponca City Cabins MH/RV Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

PARKING SPACES

-

LAND DETAILS

LAND ACRES

34.61 AC

LAND SF

1,507,612 SF

ZONING

-

APN/PARCEL ID

8000-06-025-02E-1-010-00

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 Policy.