3203 US-183 Clinton OK 73601

Colliers Manufactured Housing & RV Group, as exclusive agent for the Owner, is pleased to offer the opportunity to acquire the 138-site Golden West Mobile Home Community, a well-located affordable housing opportunity located directly off U.S. thoroughfare 183 and 3-miles south of I-40 in Custer County, providing convenience to major metro Oklahoma City approximately 88 miles west.

The property has 138 total sites inclusive of tenant-owned homes, park-owned homes, RV sites, and vacant sites.

Golden West MHC provides investors with expertise in stabilization and operations a prime value-add opportunity.

The asking price for the park is $3,500,000 ($25,360/total site). This represents an 13.5% cap rate on stabilized NOI. New financials are available.

• There are occupied POH and vacant POH which could be sold off to the tenants. This would reduce operating expenses and capex reserves while reducing the basis in the property.

• Immediate upside in stabilizing the communities from 37% to 62% occupancy by leasing vacant POH and RV sites then infilling vacant lots to achieve 95% occupancy.

• Opportunity to increase rates beyond current rent roll average to market.

• Expense ratios will improve as infill drives revenue. This will lead to a substantial increase on yield.

• Located within 88 miles of Oklahoma City and its employment hub.

• Infilling park-models or converting RV sites to MH could improve the profile of the investment and reduce the cap rate range.

• Amenities include: On-site laundry, a play area for children, and a spring-fed pond