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Choctaw Estates-Multifamily 1401 N Choctaw Rd 55 Unit Mobile Home Park $995,000 ($18,091/Unit) 2.40% Cap Rate Choctaw, OK 73020
Investment Highlights
- LOCATED IN GROWING UPSCALE OKC SUBURB FOR $17K/SITE
- TENANT OWNED HOMES SITE PARK NO PARK OWNED RENTAL HOMES
- VALUE ADD OPPORTUNITY ADDING 27 ADDITIONAL SITES
- HEAVILY TREED 10.3 ACRES WINDING ROADS ELEVATION CHANGES
Executive Summary
NEW LISTING NOV 2025! Choctaw Estates Manufactured Housing Community, a 55 site (can expand to 82) located in a growing affluent east OKC suburb of Choctaw, OK. Tenant owned-site rent park, NO park owned mobile home rentals. 43 sites occupied @$420/mo rent. Heavily treed 10.32 acres, winding roads with elevation changes. Utilities are well water (3 wellhouses) and sewer is 5 septics that are pumped into the Choctaw City sewer line. The condition of the roads are fair/poor. Site park in affluent suburb for $17K/site with 78% occupancy. Tremendous value add opportunity with great location and substantial occupancy. Improve the roads and bring homes on.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$171,233
|
$165.92
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$147,566
|
$142.99
|
| Net Operating Income |
$23,667
|
$22.93
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $171,233 |
| Annual Per SF | $165.92 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $147,566 |
| Annual Per SF | $142.99 |
| Net Operating Income | |
|---|---|
| Annual | $23,667 |
| Annual Per SF | $22.93 |
Property Facts
| Price | $995,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $18,091 | Building Class | C |
| Sale Type | Investment | Lot Size | 10.32 AC |
| Cap Rate | 2.40% | Building Size | 1,032 SF |
| Gross Rent Multiplier | 5.8 | Average Occupancy | 78% |
| No. Units | 55 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1975 |
| Price | $995,000 |
| Price Per Unit | $18,091 |
| Sale Type | Investment |
| Cap Rate | 2.40% |
| Gross Rent Multiplier | 5.8 |
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 10.32 AC |
| Building Size | 1,032 SF |
| Average Occupancy | 78% |
| No. Stories | 1 |
| Year Built | 1975 |
1 1
Property Taxes
| Parcel Number | 194747035 | Improvements Assessment | $32,065 (2024) |
| Land Assessment | $39,559 (2024) | Total Assessment | $71,624 (2024) |
Property Taxes
Parcel Number
194747035
Land Assessment
$39,559 (2024)
Improvements Assessment
$32,065 (2024)
Total Assessment
$71,624 (2024)
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Presented by
Keith Wilson Co.
Choctaw Estates-Multifamily | 1401 N Choctaw Rd
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