Oak Glen RV MH Park | 347203 E Highway 66
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Oak Glen RV MH Park 347203 E Highway 66
84 Unit Mobile Home Park $1,695,000 ($20,179/Unit) 9.57% Cap Rate Chandler, OK 74834
Investment Highlights
- 100% OCCUPIED RV MH PARK FOR $17K/SITE!
- 4.79x GROSS
- IN THE OKLAHOMA CITY MSA
- MOM/POP 2,000' HOME OPENING TO OFFICE/LAUNDRY INCLUDED
- 9.57% CAP
Executive Summary
NEW LISTING 100% OCCUPIED 84 SITE OAK GLEN MH/RV PARK FOR SALE FOR $1,695,000 - $17K/SITE!!!! 4.79x GROSS, 9.57% cap, located in Chandler, OK, which is in the Oklahoma City MSA, 35 minutes to OKC on I-44 Turner Turnpike, the park has 57 RV sites @$400-30 amp, most are $430-50 amp , 23 TOH MH @$250 and 4 POH @ $495. Can easily expand to 94 sites as 2 additional POH are being removed to accomodate 10 new RV sites. 10 undeveloped acres could double the park size. 40.8 acres, outdoor pavilion and bathrooms. Fishing pond. Sale includes the mom/pop 2,000' $200,000 residence which opens to an 800' office/laundry. This home can be offered to new buyer or as part of new managers compensation package. Municipal water-master metered, sewer provided by 5 lagoons (3 built since 2018)cannot be seen, at back of park. The park pays for all utilities except for electricity for MH's. Dump area for RVs. The park fronts on the famous Route 66, 2 miles from I-44, 35 minutes to OKC, pop. 1.45M, and 55 minutes to Tulsa, pop. 1.05M. The city of Chandler population 3,000, is growing east towards the park and Walmart is 1 mile away.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$353,851
|
$0.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$353,851
|
$0.20
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$191,585
|
$0.11
|
| Net Operating Income |
$162,266
|
$0.09
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $353,851 |
| Annual Per SF | $0.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $353,851 |
| Annual Per SF | $0.20 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $191,585 |
| Annual Per SF | $0.11 |
| Net Operating Income | |
|---|---|
| Annual | $162,266 |
| Annual Per SF | $0.09 |
Property Facts
| Price | $1,695,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $20,179 | Lot Size | 40.80 AC |
| Sale Type | Investment | Building Size | 1,777,248 SF |
| Cap Rate | 9.57% | Average Occupancy | 100% |
| Gross Rent Multiplier | 4.79 | No. Stories | 1 |
| No. Units | 84 | Year Built | 1981 |
| Property Type | Multifamily |
| Price | $1,695,000 |
| Price Per Unit | $20,179 |
| Sale Type | Investment |
| Cap Rate | 9.57% |
| Gross Rent Multiplier | 4.79 |
| No. Units | 84 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Lot Size | 40.80 AC |
| Building Size | 1,777,248 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1981 |
1 of 1
1 of 25
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Keith Wilson Co.
Oak Glen RV MH Park | 347203 E Highway 66
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.