Listed by Horner McClure & Associates
$650,000
Primeaux Family RV Park
Details
Property Type Mobile Home Park, Multifamily
Sub Type RV Park
Units 42
Cap Rate 10.00%
NOI $66,842
Occupancy 19%
Pro-Forma Cap Rate 24.71%
Pro-Forma NOI $146,000
Class C
Investment Type Value Add
Ground Lease No
Value-Add RV Park | 42 Units | Low Price Per Site | Expansion Potential | Ponca City OK
Marketing description
Introducing the Primeaux Family RV Park at 3171 W North Avenue, Ponca City, OK, a promising investment opportunity in the thriving market of West Ponca City / Hwy 60 Corridor. With 42 units on 6.32 acres, this property holds immense potential for growth with a current occupancy rate of 19%.
Significant lease-up opportunity awaits as strategic management and targeted marketing efforts can elevate the property's income streams. Investors can benefit from stabilizing the occupancy rate to standard levels, positioning the RV park for increased rental revenue and asset value. Priced attractively at $650,000, the property offers a below replacement cost acquisition at $15,476 per unit, presenting a lucrative investment opportunity. Don't miss out on this chance to capitalize on the growth potential of the Primeaux Family RV Park in Ponca City, Oklahoma.
Listing Contacts
Listed by Horner McClure & Associates
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$66,842.00
$5,570.17/mo
Valuation Metrics
0
DSCR
10.28%
Cap Rate
10.28%
ROI
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