NEW ON MARKET!!! $475,000. South Acres Mobile Home Park is a 42 site park with 32 park owned homes on 12.88 acres in Bristow, OK. 18 of the 32 homes are occupied at $335-655, but 2 months ago, began a conversion to RTO and have done 8. 10 of the 14 unoccupied park owned homes only need $500-1,000 to refurbish, 4 others need $4,000 each, so for $20-25,000, you can bring all 16 homes to rent ready. 8 tenants pay site rent only of $220. Park is 65% occupied. RTO are $499- 2 bed & $550-3 bed. 18 homes are 3 bed, 12 are 2 bed and 2 are 1 bed. Tenants pay water, sewer, trash, gas and electric-one asphalt street pays directly to the city and the other gravel street is submetered but pays flat $45/mo for utilities.. A Butler steel bldg is the office and maintenance area. The owner is selling because he needs to raise money to complete a new park redevelopment in the OKC area.
Bristow, OK is a community of 5,000, located 30 minutes S. of Tulsa, OK (pop. 1M) and 60 minutes NE of Oklahoma City (pop. 1.4M) on I-44, which connects OKC & Tulsa. It is the county seat of Creek County. The park is in the south of the city west of the intersection of S. Chestnut Street & Jaycee Ave. It is the only sizeable mobile home park in the community.
