Mobile Home Park Details
- Distressed: This property is in default, REO or in foreclosure.
- Purchase Method: Cash, New Loan
- Listing ID: 369119
- Posted On: Apr 15, 2013
- Updated On: Dec 3, 2013
Description
Opportunity to acquire sizable all age community in Northern Oklahoma through a lender approved short sale.
Management reports receiving numerous calls each week from prospective residents but does not have the inventory to accomodate them.
Tremendous management turnaround potential with the opportunity to purchase the community at an attractive basis & implement a sales or leasing program.
Potential to expand the community up to 161 sites by finishing utility connections or repositioning homes.
The community is serviced by municipal utilities through Ponca City. Water is sub-metered and billed back to tenants.
The sale includes 17 inventory homes with 13 currently occupied and making payments under a lease to own or rental program.
The community has paved streets and off-street parking and includes an on-site office, a laundry room, and a storm shelter.
Park Information
Community Type: | All Age |
Number of MH Lots: | 130 |
Total Occupancy: | 45.0 % |
Year Built: | 1970 |
Average MH Lot Rent: | $218 |
Size: | 24 acre(s) |
Utility Information
Water: | City |
Water Paid By: | Tenant - Submetered |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 17 |
Average Rent for Park-owned Homes: | $289 |