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Browse More Listings in Multifamily For Sale, Harrah, OK or Oklahoma

Multifamily Property For Sale

CRESTWOOD MOBILE HOMES

1125-1551 Crestwood Drive, Harrah, OK 73045

Price:
$185,000
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Cap Rate:
7.41%
Gross Rent Multiplier:
13.12
Year Built:
1972
Lot Size:
16.81 AC
Find Out More...

Last Verified 11/6/2009 Listing ID 15979845

Highlights

Investment Property - Mobile homes and land
Current Rents offer significant upside potential
Over 16 acres of land for future redevelopment

Two large barns on excess land
Possible tax shelter with rapid Mobile home dep.

Description

These 16.81 acres of land currently house 4 rental trailers, with lots for at least 2 more trailers. There is a small pond and a creek on the property. This property may be redeveloped easily, and is ideal for investors as a mobile home park, or could be utilized for residential development. The trailers might qualify for accelerated depreciation as personal property, see your accountant for more details.

Harrah is a vibrant farming community that is part of the Oklahoma City MSA and has almost a 25% growth in the surrounding area between the 90 and 2000 census. Growth has continued with new residential development within a mile. The school system is well respected, and rentals are in strong demand, with only one apartment complex in the surrounding. Harrah is located just 30 minutes from the inner city core of Oklahoma City.

Financial Summary

Debt & Equity Information

Actual
Effective Gross Income
$14,100
Net Operating Income
$13,712
Pre-Tax Cash Flow
$13,712

Map of 1125-1551 Crestwood Drive, Harrah, OK 73045

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Contact Listing Broker

Gary Gregory, CCIM (405) 627-7122

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Created 11/7/2008

Additional Information for 1125 Crestwood Road, Harrah, OK 73045

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - CRESTWOOD MOBILE HOMES

1125-1551 Crestwood Drive, Harrah, OK, 73045