Keith Wilson Co.
Listed by Keith Wilson Co.
$995,000
Choctaw Estates Manufactured Housing Community
Details
Property Type Mobile Home Park
Sub Type RV Park
Occupancy 78%
Acreage 10.320
Investment Type Value Add
Mobile Home Park
Marketing description
Choctaw, OK (population 13,000), is an affluent and fast-growing suburb located just 10 miles east of downtown Oklahoma City (metro population 104M). Known for its blend of small-town charm and big-city convenience, Choctaw offers quick access to OKC's major employment, dining, and entertainment hubs while maintaining a peaceful. family-friendly atmosphere. The city boasts a strong local economy and highly rated schools. Choctaw High School sits just half a mile west of the property. With an average household income of $92,993 (approximately 70% higher than the state average of $S3,840), Choctaw stands out as one of the metro's most desirable and prosperous communities.
Investment highlights
- Sales Price $995,000
- 6 RTO Value $50,000
- Park Price $945,000
- Price per Site $17,181
- Gross Multiplier 5.8x (2025)
- Land Area: 10.32 acres, heavily treed.
- Site Info: SS MH sites, includes 3 park owned RTO mobile homes. Choctaw will allow an additional 28 sites for a total of 82 sites. Any NEW homes brought onto the park cannot be older than 7 years. NO PARK HOME RENTALS! $420 MH site rent with rolling topography.
- RTOs: 3 RTO'S, $1 0-15K avg. home price, 2-5 year terms, avg. $620-800/mo. home payment includes site rent of $420. Homes sell within 48 hours with a waiting list.
- Occupancy: November 2025
- 40 site rent at $420/mo.
- 3 RTOs @$620-800/mo.
- 8 tear-down homes
- 4 vacant lots
- 55 total
- Utilities: Water: 3 wells-3 well houses Sewer: 5 septic systems (1 is new) pump liquids north to the Choctaw city sewer line about 50 yards away. Water and sewer costs are billed back and included in the $420/month site rent. In the past 5 years, the owner has invested $100,000 in infrastructure ($50,000 in new water/sewer lines and $50,000 in new gas lines). Not all lines are new.
- Def. Maint: The condition of the roads at the park are fair/poor.
- Expansion: There is additional land/home reconfiguration to expand the park to 82 sites with tree removal and site development. as per City of Choctaw.
Listing Contacts
Keith Wilson Co.
Listed by Keith Wilson Co.
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