Highlights

• $226,000 in Annual Income for 2009
• Lot rents increased March 09 by $25/lot

• Price based upon current occupancy

Description

PRICE REDUCED $250,000 for a quick sale from $1,300,000. NO OWNER FINANCING AVAILABLE

20 Acre park with a bonus of 10 undeveloped acres. 141 space park with a tremendous upside. Muskogee is the 11th largest city in Oklahoma and is experiencing a boom in Building and Manufacturing (see attached Chamber of Commerce article).

The Park includes a 2,000 sq ft 3 bed/3 car garage managers home with a management team (11yrs on site) that would like to stay on. The park needs a owner to infuse some new enthusiasm and advertising.

The parks current 22.2% cash on cash return (15 yr bank finance term) is based upon its current 59% occupancy and could easily exceed 80% with the right owner. The park is on City Water and Sewer (park paid), all pads are separately metered for electricity (tenants paid). There is a community Pool and Children's Playground.

Located on the Eastern side of Muskogee adjacent to the Muskogee Turnpike and within blocks of the new retail expansion that includes Lowes, Starbucks, AT&T, Numerous Major Restaurants and Fast Food purveyors.