Mobile Home Park Details
- Cap Rate: 10.0%
- Listing ID: 2195364
- Posted On: Mar 21, 2023
- Updated On: Dec 25, 2023
Description
NEW $795,000 LISTING BY KEITH WILSON CO. MARCH 20, 2023. The Eastside is a 25 site combo of 1) 13 park owned mobile home rentals, 12 -2bed and 1 3bed, $650-795/mo., avg age of 1982. 2) 6 RV sites @$450 mo. 3) 6 1 bed 1 bath apt units, 1 quadplex and 1 duplex, built, 1966, comp pitched roofs, 450-600', $500-760/mo. 92% occupancy, 1.72 acres, concrete/asphalt drives, municipal utilities, 4.88x collections, 10% cap.
Location
Eastside is located in the east part of the City of Tulsa. 1/4 mile east of I-44 & Hwy 66. 1 mile east of Hwy 169. 8 miles east of downtown Tulsa. The park abutts a large YMCA and Tulsa East Central high School.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 25 |
| Total Occupancy: | 92.0 % |
| Year Built: | 1966 |
| Average MH Lot Rent: | $350 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $162,864 |
| Operating Expense: | $83,484 |
| Net Operating Income: | $79,380 |
| Expense Ratio: | 51.3 % |
| Debt Info: | N/A |
Lot Information
| Singlewide Lots: | 13 |
RV Information
| Number of RV Lots: | 6 |
| Average RV Lot Rent: | $450 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 13 |
| Average Rent for Park-owned Homes: | $725 |