820 N Crider Rd - Manufactured Housing/Mobile Housing FOR SALE


Cordell, OK 73632
$375,000 USD
916-303-0133
820 N Crider Rd, Cordell, OK for Sale
$375,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/13
null | 14.99% Cap Rate

820 N Crider Rd
Cordell, OK 73632


HIGHLIGHTS

  • Large upside on leasing vacant spaces
  • City water, City sewer, paved roads
  • Individually metered utilities, Direct Billed to resident
  • All Tenant-Owned Homes
  • +14% proforma cap rate Loss-to-vacancy upside of +/-$5,650 per month
  • Average Household Income = $79,000

OVERVIEW

Prairie Winds Mobile Home Park built in 1997 is a 38 rots-site community situated on 3.41 acres with paved roads, serviced by individually metered City Water & Sewer, and direct billed electrical. This is an ideal set up with metered utilities minimizing the operating expenses for an investor. There are currently (12) occupied sites with all Tenant - Owned Homes (TOH) rented between $150-$200 per site / month. The rents are very affordable given the average household income in the direct market is $79,000! This leaves substantial upside for an investor to lease the remaining vacant (26) sites at market rent of $200 equating to an additional $5,650 in gross monthly revenue and a +14% proforma cap rate. This is a great opportunity to acquire an MHP with 90s built infrastructure serviced by City water & sewer, metered direct billed utilities, and huge lease upside at a really low cost basis of ($9,868) per site. The regions affordability, proximity to daily needs amenities, proximity to a desirable outdoor lifestyle which includes fishing, hunting, and hiking attracting families plus work force housing. Cordell and Washita County are supported by a diverse, blue-collar and service-oriented employment base: *Primary Employment Sectors Healthcare & Social Services (largest employer sector) Construction & Skilled Trades Transportation & Warehousing Agriculture and energy-related industries Oil & gas extraction and utilities (higher-wage sectors) Hospital & Medical Services: Cordell Regional Hospital. 820 N Crider Road is strategically positioned in Cordell, the county seat of Washita County, in western Oklahoma. The property benefits from convenient access to Interstate 40, a major east-west transportation corridor connecting Oklahoma City to western Oklahoma and Texas markets. Cordell serves as a regional hub for agriculture, energy, and small business commerce. The area offers stable rural demographics, essential services, and a strong sense of community. The property’s location provides ease of access for tenants and customers while maintaining the affordability and operational advantages associated with smaller Oklahoma markets. Retail and service amenities are primarily located along Highway 183 and SH-152 corridors, including: Grocery and convenience stores, Auto services, Local retail shops, Banking and professional services. Dining & Restaurants Cordell offers a selection of local dining options and casual eateries serving the surrounding community: Local Tex-Mex restaurants (e.g., Restaurante Rios), Coffee shops and cafes (Bean & Ladle), Fast food and quick-service options along highway corridors, Family-owned diners and regional cuisine. LISTING BROKER Jennifer Stein Real Estate, Inc Jennifer Stein, Broker. 213-446-5366 jstein@jenniferstein-realestate.com OK RE Lic: 202306 *OUT OF STATE COOPERATING BROKER* PCG Commercial, Inc. Adrian Del Rio (916)303-0133 adelrio@pcgcommercial.com CA RE Lic: DRE# 01431059

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$3 USD /SF

# OF UNITS

38

PRICE/UNIT

$9,868

CAP RATE

14.99%

% LEASED

32%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

38 SITES - PRAIRIE WINDS MHP

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.41 AC

LAND SF

148,540 SF

ZONING

C1

APN/PARCEL ID

A999-34-010-017-1-009-00

ASK ABOUT THIS PROPERTY

Adrian Del RioPCG CommercialMore Info
916-303-0133

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Adrian Del RioPCG CommercialMore Info
916-303-0133

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