WESTERN PARK I MHP 18105 Coker rd 59 Unit Mobile Home Park $2,850,000 ($48,305/Unit) 10.56% Cap Rate Bethel Acres, OK 74801

NEW LISTING!! Western Park I is a 59 site OKC area MHP. INCLUDES 31 park owned mobile homes, valued at $1,040,000 or 37% of the price, 87% of these home are 2000-newer, all rentals except for 1 RTO. $2,850,000, $48,305/site, 10.56% cap, 16.95 acres, 77% occupancy (2 vacant homes and 12 sites are vacant), lagoon sewer and rural water are paid by the park and tenant pays for electricity. The park is located in the small bedroom community of Bethel Acres (population 3,300) to OKC (population 1.45M) and adjacent to Shawnee (population of 32,000). The park is in the OKC MSA. Bethel Acres, with a highly rated school; district, is 30 miles away from OKC on I-40. There are 5 casinos within 7 miles of the park.
This park is for sale by a local builder/developer along with 2 other parks (on Loopnet)which may be purchased seperately or as a portfolio. These parks are the adjacent Western Park II MHP (20 sites-all 2022 2/2 mobile homes-$1,450,000-10.07% cap) and the Opening Doors MHP (25 sites-$1,200,000-9.18% cap) located 2 miles away, all in Bethel Acres, OK. The sales pkg attachment has information on all 3 parks.