823 56th Ave - Manufactured Housing/Mobile Housing FOR SALE


Stillwater, OK 74074
$550,000 USD
405-470-1508
823 56th Ave, Stillwater, OK for Sale
$550,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/6
null | 14.81% Cap Rate

823 56th Ave
Stillwater, OK 74074


OVERVIEW

Ownership is pleased to offer for sale an 11-pad manufactured housing community situated on approximately 6 acres in Stillwater, Oklahoma, home to Oklahoma State University. The Property is 100% physically occupied and includes 11 park-owned manufactured homes. Electric and natural gas service is individually metered and billed directly to tenants by CREC and ONG respectively, while water is supplied by two on-site private wells and wastewater is treated through a private on-site sewage lagoon. Beyond its stabilized in-place income, the Property offers a compelling value-add opportunity. Ownership's on-site lagoon is understood to have meaningful reserve capacity beyond the community's current home count, and a conceptual site plan has been developed illustrating the potential for approximately 15 additional land-lease pads across the Property's two tracts. Buyer is encouraged to independently verify expansion feasibility, including site engineering, utility capacity, setback requirements, and local permitting, during due diligence.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$50 USD /SF

# OF UNITS

11

PRICE/UNIT

$50,000

CAP RATE

14.81%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Avalon Mobile Home Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6 AC

LAND SF

261,360 SF

ZONING

-

APN/PARCEL ID

600010964

ASK ABOUT THIS PROPERTY

Dusty BurchfieldBurchfield Commercial RealtyMore Info
405-470-1508

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Dusty BurchfieldBurchfield Commercial RealtyMore Info
405-470-1508

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