603 S 3rd St
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603 S 3rd St
25 Unit Mobile Home Park $1,099,000 ($43,960/Unit) 5.94% Cap Rate Kingfisher, OK 73750
Executive Summary
21 Trailers w/ Lot Rent at $280 each p/m
- 2 RV Spots at $240 each p/m
- 4 Br House at $795 p/m
- 4,000 SF Mixed Use Building
Around King?sher, Oklahoma, the industry is primarily driven by agriculture and energy. The area is known for its extensive wheat farming, ca??le ranching, and dairy produc on, supported by numerous agribusinesses that provide services such as grain storage, equipment sales, and crop management. The energy sector also plays a signi?cant role, with several oil and natural gas companies opera ng in the region due to its loca on within the Anadarko Basin, one of the most produc ve oil ?elds in the state. In addition, there is a growing presence of small manufacturing and retail businesses that cater to the needs of the local population and agricultural community, re?ecting the area’s blend of traditional rural industries and modern economic activities.
- 2 RV Spots at $240 each p/m
- 4 Br House at $795 p/m
- 4,000 SF Mixed Use Building
Around King?sher, Oklahoma, the industry is primarily driven by agriculture and energy. The area is known for its extensive wheat farming, ca??le ranching, and dairy produc on, supported by numerous agribusinesses that provide services such as grain storage, equipment sales, and crop management. The energy sector also plays a signi?cant role, with several oil and natural gas companies opera ng in the region due to its loca on within the Anadarko Basin, one of the most produc ve oil ?elds in the state. In addition, there is a growing presence of small manufacturing and retail businesses that cater to the needs of the local population and agricultural community, re?ecting the area’s blend of traditional rural industries and modern economic activities.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$76,320
|
$0.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$76,320
|
$0.38
|
| Taxes |
$5,000
|
$0.03
|
| Operating Expenses |
$6,000
|
$0.03
|
| Total Expenses |
$11,000
|
$0.06
|
| Net Operating Income |
$65,320
|
$0.33
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $76,320 |
| Annual Per SF | $0.38 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $76,320 |
| Annual Per SF | $0.38 |
| Taxes | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $0.03 |
| Operating Expenses | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $0.03 |
| Total Expenses | |
|---|---|
| Annual | $11,000 |
| Annual Per SF | $0.06 |
| Net Operating Income | |
|---|---|
| Annual | $65,320 |
| Annual Per SF | $0.33 |
Property Facts
| Price | $1,099,000 | Apartment Style | Garden |
| Price Per Unit | $43,960 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.50 AC |
| Cap Rate | 5.94% | Building Size | 200,000 SF |
| No. Units | 25 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1981 |
| Price | $1,099,000 |
| Price Per Unit | $43,960 |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.50 AC |
| Building Size | 200,000 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built | 1981 |
-
Nick Denbow -
Sperry-Griffin Partners
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