3203 S Highway 183 | Clinton, OK 73601
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- LoopNet Team
3203 S Highway 183
Clinton, OK 73601
Golden West Mobile Home Community · Multifamily Property For Sale
·
1,000 SF
Investment Highlights
- There are 32 occupied and 9 vacant POH which could be sold off to tenants. This would reduce operating expenses & capex reserves while reducing basis.
- Opportunity to increase rates beyond current rent roll average to market.
- Located within 88 miles of Oklahoma City and its employment hub.
- Immediate upside in stabilizing the communities from 38% to 62% occupancy by leasing vacant POH & RV sites & infilling vacant lots to achieve 95% occ.
- Expense ratios will improve as infill drives revenue. This will lead to a substantial increase on yield.
- Infilling park-models or converting RV sites to MH could improve the profile of the investment and reduce the cap rate range.
Property Facts
| No. Units | 138 | Building Size | 1,000 SF |
| Property Type | Multifamily | Average Occupancy | 38% |
| Property Subtype | No. Stories | 1 | |
| Building Class | C | Year Built | 1983 |
| Lot Size | 41.20 AC |
| No. Units | 138 |
| Property Type | Multifamily |
| Property Subtype | |
| Building Class | C |
| Lot Size | 41.20 AC |
| Building Size | 1,000 SF |
| Average Occupancy | 38% |
| No. Stories | 1 |
| Year Built | 1983 |
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