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29103826
29103827

61800 E 262 Loop N 27, Grove, OK 74344

KD
FL SL3503940
Sands Investment Group - FTL
TG
PA RM424383, OK
Sands Investment Group Philadelphia
MB
FL SL3508397
Sands Investment Group - FTL
Listed by Sands Investment Group - FTL, Sands Investment Group Philadelphia
$1,800,000
152 days on market
Updated 44 days ago

Waterfront Mobile Home & RV Community - Grove, OK

Details
Property Type Mobile Home Park, Multifamily
Sub Type RV Park
Cap Rate 7.06%
NOI $127,101
Occupancy 100%
Acreage 10.950

Lakefront Mobile Home & RV Park | Strong Occupancy | Grove, OK

Marketing description

Sands Investment Group is pleased to exclusively offer for sale the 10.95-acre Walnut Cove Resort, located at 61800 E 262 Loop N 27 in Grove, OK. This premier lakefront community features 33 tenant-owned homes, 8 RV sites (50-amp), 1 cabin, 23 boat slips, and 10 indoor boat and RV storage units. The RV sites are operated on a seasonal basis (six months per year), while the boat slip agreements are structured on a 12-month basis, creating a diversified and stable income stream. This offering represents a compelling investment opportunity with strong demand drivers and long-term upside.

LEARN MORE HERE

Investment highlights

Please contact the broker prior to conducting any site visits

COMMUNITY OVERVIEW:

  • Lakefront community located on Grand Lake O’ the Cherokees, a premier vacation destination in northeastern Oklahoma.

  • Established tenancy consisting primarily of lake-home families and a 55+ resident base.

  • Historically strong and stable occupancy across residential, RV, and marine components.

SITE & UNIT COMPOSITION:

  • 33 tenant-owned home (TOH) sites.

  • 8 full hookup RV sites (50-amp service), operated on a seasonal basis (6 months per year).

  • 1 cabin, currently owner-occupied.

  • 23 boat slips with 12-month slip agreements.

  • 10 indoor boat and RV storage units.

UTILITIES & INFRASTRUCTURE:

  • City water and septic system.

  • Park provides water, septic, and trash services.

  • Residents are direct-billed for electricity and gas.

RV & MARINE FEATURES:

  • RV sites include full hook-ups with 50-amp electric, city water, and sewer connection.

  • Bath-house with showers serving RV guests.

  • Boat slips accommodate 20’–22’ vessels.

  • Private boat ramp providing direct lake access.

AMENITIES:

  • River-rock swim beach

  • Boat ramp

  • Office

  • Large community fire pit

  • Picnic tables and grilling areas

  • Summer and an indoor heated fishing house

Listing Contacts

KD
FL SL3503940
Sands Investment Group - FTL
TG
PA RM424383, OK
Sands Investment Group Philadelphia
MB
FL SL3508397
Sands Investment Group - FTL
Listed by Sands Investment Group - FTL, Sands Investment Group Philadelphia

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$127,101.00
$10,591.75/mo

Valuation Metrics

0
DSCR
7.06%
Cap Rate
7.06%
ROI

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Additional Information

Name
Tom Gorman
License
OK #207754
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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