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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
Property Type Multifamily
Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Apartments
  • Multifamily Dormitory
Building Class C
Lot Size 41.20 AC
Building Size 1,000 SF
Average Occupancy 38%
No. Stories 1
Year Built 1983
  • Listing ID: 35047341

  • Date on Market: 3/6/2025

  • Last Updated:

  • Address: 3203 S Highway 183, Clinton, OK 73601

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