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25-Site Mobile Home Park on 10 Acres 16504 Gaddy Rd 25 Unit Mobile Home Park $1,200,000 ($48,000/Unit) 9.18% Cap Rate Shawnee, OK 74801
Investment Highlights
- 25-site park with diversified revenue streams (park-owned homes, lot rent, RTO, storage) and ~$890K in home value (74% of purchase price)
- Located in the OKC MSA near I-40, Shawnee, and 5 nearby casinos—supporting consistent rental demand and long-term growth
- 88% occupied on 10 acres with room to expand—immediate upside through lease-up and infill
Executive Summary
Opening Doors MHP is a 25-site mobile home park located in Bethel Acres, OK within the OKC MSA. Offered at $1,200,000, the property includes a diverse income mix: 17 park-owned home rentals, 4 lot rentals, 2 stick-built home rentals, 1 rent-to-own unit, and 1 storage unit.
The park sits on 10 acres with room for expansion and is currently 88% occupied, providing immediate upside through lease-up and infill. Park-owned homes are valued at approximately $890,000 (74% of purchase price). Infrastructure includes gravel roads, septic systems, and a combination of rural and well water. Located in Bethel Acres (population ~3,300), a desirable community with strong schools, just 30 miles east of Oklahoma City via I-40 and adjacent to Shawnee (population ~32,000). The property benefits from its position within the OKC MSA and proximity to five casinos within a 7-mile radius, supporting consistent rental demand.
This property is owned by a local builder/developer and is offered individually or as part of a portfolio with two nearby parks: Western Park I (59 sites, 10.56% cap) and Western Park II (20 sites, all 2022 2/2 homes, 10.07% cap) - both located within 2 miles.
The park sits on 10 acres with room for expansion and is currently 88% occupied, providing immediate upside through lease-up and infill. Park-owned homes are valued at approximately $890,000 (74% of purchase price). Infrastructure includes gravel roads, septic systems, and a combination of rural and well water. Located in Bethel Acres (population ~3,300), a desirable community with strong schools, just 30 miles east of Oklahoma City via I-40 and adjacent to Shawnee (population ~32,000). The property benefits from its position within the OKC MSA and proximity to five casinos within a 7-mile radius, supporting consistent rental demand.
This property is owned by a local builder/developer and is offered individually or as part of a portfolio with two nearby parks: Western Park I (59 sites, 10.56% cap) and Western Park II (20 sites, all 2022 2/2 homes, 10.07% cap) - both located within 2 miles.
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 |
| Sale Condition | Business Value Included | 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% |
| Sale Condition | Business Value Included |
| 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 |
1 1
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 000020010003003200 | Improvements Assessment | $11,333 |
| Land Assessment | $3,420 | Total Assessment | $14,753 |
Property Taxes
Parcel Number
000020010003003200
Land Assessment
$3,420
Improvements Assessment
$11,333
Total Assessment
$14,753
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25-Site Mobile Home Park on 10 Acres | 16504 Gaddy Rd
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