Junction West Ponca City Cabins MH/RV Park 3150 W North Ave

NEW LISTING JULY 2024 AND MAJOR PRICE REDUCTION OF $200,000 (20%)OCT 31!! SALES PKG NOT REVISED YET. Junction West Ponca City is a workforce housing park with 116 sites, which includes 71 RV lots and 45 cabins (dupexes, fourplexes, cottage cabins, mobile homes)on 34.16 acres. $795,000, $6,853/site includes the 2007-2014 cabins which are valued at $757,500. Park price is only $37,500, which includes land, utility infrastructure, land, roads, office and out all buildings. Sales price is about 1/4 of replacement value. 11.86% cap (2023). THE GROSS SCHEDULED RENTS ARE .79X THE ASKING PRICE (LESS THAN ONE!! Owner is selling this park and a similar 132 site workforce housing park, Junction West Coffeyville, KS, 132 sites, $1,095,000 WITH A $300,000 PRICE REDUCTION!! (see Loopnet). Sale is seperate or as a portfolio. The Ponca City park is 5 minutes west of the 234,000 BPD Phillips 66 Oil Refinery and derives the majority of its tenants from outside maintenance crews that do periodic major/minor "turns" to maintain the refinery, typically for a period of 3 months. Tenancy is also provided through the maintenance of 4 power plants located 18 miles south as well as wind farms, bridge construction, road crews and various oil/gas operations. The park provides a storm shelter, WIFI, cable TV, restrooms, housekeeping, furnishings, bedding, walk in shower, mictrowave, cookware/utensils, laundry facilities, security cameras, dog parks, childrens play area and firepits. The cabins are 2007-2014 models. RV sites are 30/50 amp, 45 x 90' pull thru, grass/gravel with park showers and bathrooms. The park pays all utilities, city water and private sewer-lagoon. Ponca City, population 27,798, is 90 miles from the Coffeyville park and within 80-100 miles of 3 major metropolitan areas: Oklahoma City, OK-pop. 1,450,000, Tulsa, OK-pop. $1,000,000 and Wichita, the largest city in Kansas, pop. 650,000. Motivated seller-bring all offers.