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OKMULGEE MOBILE HOME COMMUNITY 814 S Kern Ave 24 Unit Apartment Building $1,500,000 ($62,500/Unit) 8.80% Cap Rate Okmulgee, OK 74447
INVESTMENT HIGHLIGHTS
- 8 NEW PARK OWNED MOBILE HOMES 4 2024 3/2 CLAYTONS AND 4 2024 4/2 TRUES
- $1,042/MO. AVG RENT
- 30 MINUTES TO TULSA OK
- $30,000 PER HOME RENOVATION OF 7 1970-1980s HOMES
- HOME VALUES ARE MORE THAN 1/2 THE PARK PRICE
EXECUTIVE SUMMARY
NEW LISTING NOV 2025! The Okmulgee OK Mobile Home Community, 24 sites, $1,500,000, 8.8% cap rate, sale includes 4 2024 3/2 Claytons-$1,300/mo., 4 2024 4/2 Trues-$1,400/mo. and 7 1970-1980s that seller has renovated at $30K each in the last 2 years. Avg rent is $1,042/mo. 84% occupancy with all POHs occupied. 2.5 acres MOL. The park pays all municipal utilities. The value of the park owned mobile homes is $790,000, or more than 1/2 the price. Okmulgee, population 11,322, is located in east central OK, 38 miles south of Tulsa, OK, population 1,050,000 and is in the Tulsa MSA. US route 75 runs N/S through the middle of the city and runs directly N. to Tulsa. 13 miles S. is the city of Henryetta, population 5,640 and I-40. Okmulgee is home to the Green Country Technology Center. In 2002, downtown Okmulgee was recognized as one of the top 5 Great American Main Streetsin the U.S.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$250,800
|
$8.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$250,800
|
$8.36
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$119,412
|
$3.98
|
| Net Operating Income |
$131,388
|
$4.38
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $250,800 |
| Annual Per SF | $8.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $250,800 |
| Annual Per SF | $8.36 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $119,412 |
| Annual Per SF | $3.98 |
| Net Operating Income | |
|---|---|
| Annual | $131,388 |
| Annual Per SF | $4.38 |
PROPERTY FACTS
| Price | $1,500,000 | Apartment Style | Garden |
| Price Per Unit | $62,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.90 AC |
| Cap Rate | 8.80% | Building Size | 30,000 SF |
| Gross Rent Multiplier | 5.98 | Average Occupancy | 85% |
| No. Units | 24 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1983 |
| Property Subtype | Apartment |
| Price | $1,500,000 |
| Price Per Unit | $62,500 |
| Sale Type | Investment |
| Cap Rate | 8.80% |
| Gross Rent Multiplier | 5.98 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.90 AC |
| Building Size | 30,000 SF |
| Average Occupancy | 85% |
| No. Stories | 1 |
| Year Built | 1983 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Detector
1 1
PROPERTY TAXES
| Parcel Number | 0000-12-13N-12E-D-060-00 | Improvements Assessment | $2,092 |
| Land Assessment | $8,779 | Total Assessment | $10,871 |
PROPERTY TAXES
Parcel Number
0000-12-13N-12E-D-060-00
Land Assessment
$8,779
Improvements Assessment
$2,092
Total Assessment
$10,871
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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MAP
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Presented by
Keith Wilson Co.
OKMULGEE MOBILE HOME COMMUNITY | 814 S Kern Ave
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