Blanchard Mobile Home Park Investment + House 972 County Street 2979 9 Unit Mobile Home Park $620,000 ($68,889/Unit) Blanchard, OK 73010

Two ways to win: Keep it as a rental park OR switch to low-maintenance lot rent (immediate return from sale of homes). Huge upside, free and clear titles for everything, strong bones — and plenty of land to expand.
?? PROPERTY OVERVIEW
?? Location: Rural Grady County (Blanchard mailing address), 10 min from Newcastle Casino
?? Size: 4.54 acres total
?? Current Setup:
8 mobile homes (about 80% complete — sell as-is)
1 small single-family home (rent or sell separately)
? All units and land owned free and clear
?? Condition: No current tenants — value-add project for investor vision.
?? MODEL 1: LOT RENT ONLY
?? Sell each mobile home to tenants (30K–50K per unit estimated)
?? Keep the land — collect lot rent only
?? No home maintenance, just land lease income
Pro Forma Income:
8 pads at 500 per month = 4,000 per month (48,000 per year)
SFR rental at 900 per month = 10,800 per year
Total Gross: 58,800 per year
Estimated Expenses: about 6,000–8,000 per year
Pro Forma NOI: about 50,800–52,800 per year
Cap Rate: around 8.2%–8.5%
?? Initial cash back from mobile home sales about 240K–350K up front
?? MODEL 2: FULL RENTAL PARK
?? Keep all homes and rent them out yourself
?? Higher gross income but you handle maintenance
Pro Forma Income:
8 MH at 700 per month plus SFR at 900 per month = 6,500 per month (78,000 per year)
Estimated Expenses: about 35% = 27,300 per year
Pro Forma NOI: about 50,700 per year
Cap Rate: about 8.2%
?? EXPANSION POTENTIAL — BOTH MODELS
?? 2+ acres clean and ready for 8 more pads
Estimated cost per unit: 26,000
Total expansion: about 208,000
Fully built out: 16 pads plus 1 SFR
Lot Rent Model (Fully Expanded):
16 pads at 500 per month = 8,000 per month (96,000 per year)
SFR at 900 per month = 10,800 per year
Gross: 106,800 per year
Estimated Expenses: about 12,000
NOI: about 94,800
Cap Rate: about 11.4%
Rental Model (Fully Expanded):
16 pads at 700 per month = 11,200 per month plus SFR at 900 = 12,100 per month
Annual Gross: 145,200 per year
Expenses: about 24,000
NOI: about 121,200
Cap Rate: about 14.6%
??? LAND VALUE AND ZONING
Land comps: 28K–37K per acre ? 143K+ in dirt value alone
Rural Grady County — verified no zoning restrictions for mobile homes or expansion
Outside Blanchard city zoning map
? UTILITIES AND INFRASTRUCTURE
OG&E electric (5 homes connected)
5 septic systems in place (5 homes connected)
5 connected to well water
HughesNet satellite internet available
3 homes need final hookups
?? LOCATION ADVANTAGES
? Rural — private and quiet
? Growing demand for affordable housing
? Renters unsatisfied with competition nearby
? 10 minutes to Newcastle Casino
? Quick drive to OKC metro

?? SELLER NOTES
Current owner had other ventures become more pressing — pivot this to a pure lot rent park for stress-free mailbox money, or finish rehabs and operate as a full rental park for max income. Mix and match your strategy — you choose how you want to play it.
?? CONTACT
DM for comps, layout, photos, or a walkthrough.
Own the land. Control the cash flow. Expand the upside.