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31511191
31511197

16504 Gaddy Rd, Shawnee, OK 74801 For Sale

Pioneer Realty
Listed by Pioneer Realty
$1,200,000
103 days on market
Updated 2 days ago

Opening Doors Mobile Home Park

Details
APN 000020010003003200
Property Type Mobile Home Park
Sub Type Mobile Home Park
Square Footage 217,800
Net Rentable (SqFt) 217,800
Units 25
Cap Rate 9.18%
Occupancy 88%
Price per SqFt $6
Year Built 1983
Acreage 10.000
Zoning Mobile Home Park
Sale Condition For sale by owner

25-Site Mobile Home Park in Bethel Acres, OK

Marketing description

Opening Doors MHP is a 25-site mobile home park located in Bethel Acres, OK within the OKC MSA. Offered at $1,200,000, the property includes a diverse income mix: 17 park-owned home rentals, 4 lot rentals, 2 stick-built home rentals, 1 rent-to-own unit, and 1 storage unit.

The park sits on 10 acres with room for expansion and is currently 88% occupied, providing immediate upside through lease-up and infill. Park-owned homes are valued at approximately $890,000 (74% of purchase price). Infrastructure includes gravel roads, septic systems, and a combination of rural and well water. Located in Bethel Acres (population ~3,300), a desirable community with strong schools, just 30 miles east of Oklahoma City via I-40 and adjacent to Shawnee (population ~32,000).

The property benefits from its position within the OKC MSA and proximity to five casinos within a 7-mile radius, supporting consistent rental demand. This property is owned by a local builder/developer and is offered individually or as part of a portfolio with two nearby parks: Western Park I (59 sites, 10.56% cap) and Western Park II (20 sites, all 2022 2/2 homes, 10.07% cap) - both located within 2 miles.

Investment highlights

$1.2M Price | 25 Sites in the OKC MSA

Diverse Income Mix: 17 POH, 4 lot rents, 2 homes, 1 RTO, 1 storage

Strong Asset Value: ~$890K in park-owned homes (74% of price)

Upside Potential: 88% occupied with lease-up + infill opportunity

10 Acres: Room for expansion

Prime Location: Near Shawnee, I-40, and 5 casinos driving demand

Portfolio Option: Can be purchased with two nearby parks

Listing Contacts

Pioneer Realty
Listed by Pioneer Realty

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