801 N Leo St - Manufactured Housing/Mobile Housing FOR SALE


Shawnee, OK 74801
$1,875,000 USD
405-567-7855
801 N Leo St, Shawnee, OK for Sale
$1,875,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/58
null | 5.13% Cap Rate

801 N Leo St
Shawnee, OK 74801


HIGHLIGHTS

  • Location
  • Clean
  • Family Friendly

OVERVIEW

Great Location. 8.7 MOL acre mobile home park offers immediate cash flow and substantial upside for the right investor. Last Months rent rolls total $10,685, with 15 owner-owned units, including six 2024 models. Four of the 2024 units are awaiting final permitting and, once online, are projected to rent for $1,250/month each, adding significant income potential. The property also features approximately 30 additional vacant lots ready for future development or lot rentals, with local market lot rents ranging from $350–$500/month. Beyond the housing expansion opportunities, the site includes a large pond that, with proper maintenance and improvements, could become a unique amenity and further enhance the park’s appeal and value. With its combination of stable income, modern units, and ample room for growth, this asset has massive value add potential. Current ownership has over $500k in improvements and new homes in the past 2 years. Power and sewer to all lots. Some repair and replacment of panels will still be required in order to lot rent or add new units. Great Location, close to the 177 & 40. Easy access to downtown and 40 min to OK.

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$38 USD /SF

# OF UNITS

15

PRICE/UNIT

$125,000

CAP RATE

5.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Feather Ridge Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

PARKING SPACES

82

LAND DETAILS

LAND ACRES

8.77 AC

LAND SF

382,021 SF

ZONING

MH

APN/PARCEL ID

000013010003002901

ASK ABOUT THIS PROPERTY

David WarnerHarvest Real Estate & Asset DevelopmentMore Info
405-567-7855

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David WarnerHarvest Real Estate & Asset DevelopmentMore Info
405-567-7855

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