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Opening Doors MHP 16504 Gaddy Rd 25 Unit Mobile Home Park $1,200,000 ($48,000/Unit) 9.18% Cap Rate Shawnee, OK 74801
INVESTMENT HIGHLIGHTS
- 9.18% CAP
- VALUES OF THE HOMES ARE 74% OF PRICE
- INCLUDES 2 STICK BUILT HOME RENTALS
- IN OKC MSA
EXECUTIVE SUMMARY
NEW LISTING!! The Opening Doors MHP, $1,200,000, includes 25 sites (17 POH rentals, 4 site rent, 1 storage, 1 RTO and 2 stick built home rentals), 10 acres-some room for expansion, gravel streets, 88% occupancy, septics with both rural and well water. Park owned homes are valued at $890,000 or 74% of the purchase price. This park is located in Bethel Acres, OK, a 3,300 populated high rated schools, bedroom community to OKC (30 miles away on I-40, with population of 1.45M) and adjacent to Shawnee, population 32,000. In the OKC MSA. Within 7 miles of 5 casinos.
The owners are local builder/developers and Opening Doors is being offered, either seperately, or as a portfolio, with 2 other parks 2 miles away, also in Bethel Acres. These parks are the Western Park I (59 sites including 31 park owned homes-$2,850,000-10.56% cap) and the adjacent Western Park II (20 sites-all park owned 2022 2/2-$1,450,000-10.07% cap). The sales pkg, attached hereto, includes info on all 3 parks.
The owners are local builder/developers and Opening Doors is being offered, either seperately, or as a portfolio, with 2 other parks 2 miles away, also in Bethel Acres. These parks are the Western Park I (59 sites including 31 park owned homes-$2,850,000-10.56% cap) and the adjacent Western Park II (20 sites-all park owned 2022 2/2-$1,450,000-10.07% cap). The sales pkg, attached hereto, includes info on all 3 parks.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$218,827
|
$1.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$218,827
|
$1.00
|
| Taxes |
-
|
-
|
| Operating Expenses |
$108,728
|
$0.50
|
| Total Expenses |
$108,728
|
$0.50
|
| Net Operating Income |
$110,099
|
$0.51
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $218,827 |
| Annual Per SF | $1.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $218,827 |
| Annual Per SF | $1.00 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $108,728 |
| Annual Per SF | $0.50 |
| Total Expenses | |
|---|---|
| Annual | $108,728 |
| Annual Per SF | $0.50 |
| Net Operating Income | |
|---|---|
| Annual | $110,099 |
| Annual Per SF | $0.51 |
PROPERTY FACTS
| Price | $1,200,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $48,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 10.00 AC |
| Cap Rate | 9.18% | Building Size | 217,800 SF |
| Gross Rent Multiplier | 5.48 | Average Occupancy | 88% |
| No. Units | 25 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1983 |
| Price | $1,200,000 |
| Price Per Unit | $48,000 |
| Sale Type | Investment |
| Cap Rate | 9.18% |
| Gross Rent Multiplier | 5.48 |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 10.00 AC |
| Building Size | 217,800 SF |
| Average Occupancy | 88% |
| No. Stories | 1 |
| Year Built | 1983 |
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Presented by
Keith Wilson Co.
Opening Doors MHP | 16504 Gaddy Rd
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