Trails End (71) & Leisure Estates (46)
2 Tulsa OK Class A parks $10,950,000, 9% cap, 100% occupancy, inc. 89 modern park owned homes
Marketing description
Discover a rare opportunity to acquire a premier 2-park manufactured housing portfolio in the Tulsa metro, offered at $10,950,000. Together, the communities total 117 sites with 100% occupancy, 89 park-owned homes, and an average home age of 2017–2018, creating a strong blend of stability, modern inventory, and upside. Trails End – 27701 E. Admiral Pl., Catoosa, OK features 71 sites in a peaceful, heavily treed setting just 5 minutes from Tulsa proper and 8 minutes from Hard Rock Casino. This all-age community offers near-new asphalt streets, 100% occupancy, 57 park-owned homes, an office, maintenance garage, and additional shed income. Leisure Estates – 1501 W. Dupont St., Claremore, OK includes 46 sites in the heart of Claremore, approximately 20 minutes from Tulsa. This all-age community offers 91% occupancy, exceptional asphalt streets, and 32 park-owned homes in a highly accessible suburban location. With average in-place rents of $516, projected rent growth, and pro forma combined NOI of approximately $842,239, this portfolio delivers immediate cash flow, quality infrastructure, and long-term upside in one of Oklahoma’s strongest workforce housing markets.
Investment highlights
Class A
117 sites
89 modern POHS 70% are long term LTO's
100% occupied
Park NOI-$550,000, homes NOI-$350,000 = $900,000 NOI =8.2% cap
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