Listed by Sands Investment Group - FTL, Sands Investment Group Philadelphia
$1,275,000
Brock Rd Mobile Home Park - Ardmore, OK
Details
Property Type Mobile Home Park
Units 47
Cap Rate 7.49%
NOI $95,506
Occupancy 100%
Tenancy Multi
Acreage 19.140
47-Site MHC with Vacant Lot Upside | Low Operating Expenses | Ardmore, OK
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the Brock Road Mobile Home Park located at 15 Shelly Lane in Ardmore, Oklahoma. This 47-site community consists of 35 tenant-owned homes, 2 vacant park-owned homes, 10 vacant lots (including 5 RV-capable sites) and 1 single-family home. The property benefits from very low owner expenses, creating an efficient operational structure and providing investors with a strong value-add opportunity through the lease-up of vacant sites and continued stabilization of the community.
Investment highlights
UNIT COMPOSITION:
- 47 Total Sites
- 35 Tenant-Owned Homes
- 2 Vacant Park-Owned Homes
- 10 Vacant Lots (5 RV-Capable)
- 1 Single-Family Home
- City Water & Lagoon System
UTILITY STRUCTURE:
- City Water & Lagoon System
- Water & Electric Are Direct Billed to Tenants
- No Owner-Paid Water or Electric Expense
LAGOON SYSTEM INCOME & OWNERSHIP:
- The Lagoon System is Not Included in Sale Price
- The System Currently Cervices the North Subdivision; Each Home in the Subdivision Pays $40/Month, Totaling $15,360 Annually
- The Lagoon System Can Be Sold For an Addi onal Price, or the Property Will Need to Pay For Service Going Forward
SINGLE-FAMILY HOME:
- 1,350 SF
- Built in 1998
- 3 Bed / 2 Bath
Listing Contacts
Listed by Sands Investment Group - FTL, Sands Investment Group Philadelphia
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,506.00
$7,958.83/mo
Valuation Metrics
0
DSCR
7.49%
Cap Rate
7.49%
ROI
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