Country Home Estates RV Park
Stabilized MH Entitled RV Park close to OKC with Value Add
Marketing description
Country Home Estates RV Park is a 54 Site RV Park w/ full 30 & 50 amp hook ups at each site. This is a fully stabilized investment great for any investor to capitalize on steady cash flow immediately. Location is optimal being that the park is within the Town Limits of Luther conveniently located <5 minutes South of Route 66 and <5 minutes North of Turner Turnpike. This park was originally platted as an R-4 Multifamily zoned Mobile Home Park, grandfathered within the town ordinances. Site 44 contains a Mobile Home trailer used by ownership as a Laundry Facility w/ 5 coin operated Washers, 6 coin operated double stacked gas dryers, and a full bathroom with toilet and coin operated shower. The park rents 1 occupied vehicle per lot on a 30 day minimum rental. Rentable lots are billed on the 1st of each month on a month to month basis. The 8+/- acres expansion land has frontage on three sides with water and sewer on site. Water & Sewer services are provided by the Town of Luther. OG&E is the electrical provider.
Conclusion: LOCATION! LOCATION! LOCATION! Optimally located 15 minutes East of Edmond and 30+ minutes from downtown OKC. This park is situated in an ideal location providing tenants with a quiet setting featuring large, shaded sites, city utilities, trash pick up on site with individual trash cans providing our guests with a country like atmosphere while being close enough to the city for convenience. This is a low maintenance RV & Mobile rental park operating as a successful cash flowing machine. New Oklahoma Gas & Energy (OGE) Power Plant (Harrah, OK) & Data Center developments near Luther.
*Please Note: The cap rate shown on CREXI reflects the current occupancy rate, and based on the most recent monthly P&L while the cap rate in the Offering Memorandum (OM) was calculated based on the average trailing occupancy over the last 12 months at the time the listing initially went live. Due to possible fluctuations in occupancy and other variables, these rates may differ.
Investment highlights
Size: 16.288 Acres (+- 8 Acres Existing Park, +- 8 Acres Expansion/Value Ad)
Laundry Facility: 5 Coin Operated Washers, 6 Coin Operated Propane Gas Dryers. Coin Operated Shower. Propane Tank is leased
RV Pads: 54 full-service RV Pads (1 currently used for Laundry Facility) All large grassed & graveled lots with plenty of shade trees.
All sites individually metered with city water, sewer, and electrical hookups. Water & Sewer services provided by Town of Luther with Trash Services designated for each site. 4 Premium Fenced Lots Available are “doubled up” (inquire for details).
Mobile homes are allowed. The large sites make it feasible to convert to a mobile home park if desired.
Facilities: Management Office located in Laundry Facility. Camera System located at Laundry Facility which provides surveillance within the Park and Laundry Facilities. Owners Storage Shed located behind Laundry Facility.
Maintenance: Current On Site manager. Handles lawn maintenance, On Site utility repairs, Customer move-ins, etc.
Website: https://www.724rvparks.com/
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