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16960 E 407 Ct 15 Unit Mobile Home Park $450,000 ($30,000/Unit) 6.99% Cap Rate Claremore, OK 74017
Investment Highlights
- TULSA MSA
- WITH 12 POH THE PARK PRICE IS LESS THAN $20K/SITE
- 3 ACRES ROOM TO EXPAND
Executive Summary
NEW LISTING!!! Countryside is a 15 site Manufactured Housing Community, $450,000, 7% cap, located in the Tulsa, OK area (Claremore) on approx. 6 acres with 3 tree covered undeveloped acres that sits close to Hwy 66 (Route 66) which could be developed as RV. The sale includes 12 park owned mobile homes, all 3bed 2bath built between 1983-2002 with rents from $679-850/mo. Site rent is $325/mo. Occupancy is currently 40% with 2 of the 5 occupied park owned homes on 15 yr. RTO's and 1 site rent. Gravel streets and parking pads. Water is municipal-master metered with 90% bill back based on number of tenants in the home. Sewer is septic and park pays sewer and trash. The park is located in Foyil, OK, a town of 344, 3 miles NE of Claremore, OK population of 19,000. Both cities are in the Greater Tulsa SMSA. Tulsa is 30 miles SW with a population of 1,050,000.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$56,949
|
$40.68
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$56,949
|
$40.68
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$25,479
|
$18.20
|
| Net Operating Income |
$31,470
|
$22.48
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $56,949 |
| Annual Per SF | $40.68 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $56,949 |
| Annual Per SF | $40.68 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $25,479 |
| Annual Per SF | $18.20 |
| Net Operating Income | |
|---|---|
| Annual | $31,470 |
| Annual Per SF | $22.48 |
Property Facts
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 660027526 | Improvements Assessment | $0 |
| Land Assessment | $13,200 | Total Assessment | $13,200 |
Property Taxes
Parcel Number
660027526
Land Assessment
$13,200
Improvements Assessment
$0
Total Assessment
$13,200
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Photos
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Presented by
Keith Wilson Co.
16960 E 407 Ct
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