Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 8.0%
- Listing ID: 16465
- Posted On: Sep 17, 2010
- Updated On: Oct 19, 2010
Description
75 + parking spaces for mobile homes and/or RV's. All spaces have concrete parking for 2 cars plus entry sidewalks. City Water with park owned meters for permanent residents. Okla Natural gas service to each space plus Cable TV & AT&T. There are lots of beautiful trees, asphalt roads. EPA approved lagoon system w/6' perimeter fence, and also some septic. There is a new company coming to Ponca that will employee 200 workers. Conoco/Phillips has an oil refinery here. A great place to live is Ponca City, OK. On Hwy. 60 East there is a new casino, super grade school, 3 restraunts, 2 quick trip sevice stations, rodeo indoor arena, tag agency, antique shop, real estate office, vehicle detail business 3 minutes from the mobile home park.
Location
From the Osage Million Dollars Casino located on the corner of Hwy 60 East and City View street, go north on City View St. 3/4 mile to park entry. This entire area is residential, but still not in the city limits.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 76 |
| Total Occupancy: | 40.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $120 |
| Size: | 19 acre(s) |
Financial Information (Actual)
| Gross Income: | $37 |
| Operating Expense: | $4 |
| Net Operating Income: | $35 |
| Expense Ratio: | 10.8 % |
| Debt Info: | $91,000.-- |
Lot Information
| Singlewide Lots: | 66 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 10 |
| Average RV Lot Rent: | $120 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
