Western Park II MHP 18100 Coker Rd 22 Unit Mobile Home Park $1,450,000 ($65,909/Unit) 10.07% Cap Rate Shawnee, OK 74801

Western Park II is a $1,450,000, 20 site, Bethel, OK (OKC MSA) MHP, built in 2022, comprised of all 896' 16'x56' 2022 2 bed/2 bath rental homes. $72,500/site. 10.07% cap.95% occupied. 5.7 acres includes land to expand the park. The local builder/developer owners purchased the mobile home shells and installed interior framing, insulation, flooring, drywall, HVAC, kitchens, baths, front porches and both front and side entries. Gravel streets, septic sewers (1-4/septic), rural water. Water/sewer paid by the park and electricity paid by the tenant. Bethel Acres is a small bedroom community to OKC, 3,300 population with good schools. The city is adjacent to Shawnee, OK, population 32,000 and is part of the OKC MSA population 1.45M, located 30 miles east with easy access by I-40.There are 5 casinos within 7 miles.
This park is one of 3 Bethel, OK parks for sale by this owner, along with the adjacent 59 site Western Park I ($2,850,000)and the 25 site Opening Doors ($1,200,000), located 2 miles away. All 3 parks are to be sold seperately or as a portfolio. Attached sales package includes information on all 3 parks.