Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Land: This is land for developing a mobile home park
- Cap Rate: 12.1%
- Listing ID: 133999
- Posted On: Apr 13, 2012
- Updated On: Sep 4, 2014
Description
IMPROVEMENTS - Seventy-six (76) lots with concrete parking pads
Each lot has a natural-gas meter, an electric meters, water meters, Cable TV, AT&T. There are RV rentals and mobile homes (optional) to purchase with Timberline Mobile Home & RV Park. Two years ago a strong downburst damaged some mobile homes. hose homes were abandoned.
TIMBERLINE is 4 miles from Conoco-Phillips refinery and the North 14th major shopping area. 3/4 mile to Osage Nation Casino; Restaurants; Valero & Conoco gas stations, (a new) Dollar-Saver store; Vet clinic; Used car lot; Tag agency; Tavern; Trucking company; Oil Supply Co.; Antique store---etc.
TIMBERLINE PARK is one mile east of the “new†river bridge over the Arkansas River on the South edge of Ponca City, Oklahoma, and only 3/4 miles North of Hwy 60 E on City View Street. For more info, Frank Childers at (580) 304-9121 or timberlinepark@gmail.com
Location
1 mile east of Ponca City, Ok in Osage County Not in the city limits
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 76 |
| Total Occupancy: | 50.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $120 |
| Size: | 22 acre(s) |
Financial Information
| Gross Income: | $47 |
| Operating Expense: | $4 |
| Net Operating Income: | $47 |
| Expense Ratio: | 8.5 % |
| Debt Info: | Loan - app. 90,000 |
Lot Information
| Singlewide Lots: | 35 |
| Doublewide Lots: | 39 |
| Triplewide Lots: | 2 |
RV Information
| Number of RV Lots: | 20 |
| Average RV Lot Rent: | $120 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $450 |
