Cavanaugh Mound Estates: Mobile Home Park with 43 Lots + Parking Lot Lease; 6.82 acres, about half undeveloped; no park owned homes; on city utilities; appraised value at $1.16 million in February 2026; $100,778 NOI 2025; $13,765 Rent Roll; selling at a 12% cap

We have successfully raised lot rent each year.

Utilities - City water, sewer, trash paid by owner; we have installed submeters for each lot, but have not implemented a charge back management process; tenants pay electric through OG&E

We have received different signals from the city about interpreting the grandfathered in zoning status and whether that means new homes can be moved into current lots with current infrastructure. For example, the city permitted all new plumbing water supply lines, sub meters, and sewer work for each lot as part of our 2022 capital project and at the same time denied an electric permit for a new home to be moved onto an existing lot.

The right buyer is someone who is willing to accept the park in its current state and has the expertise to turn around a park and capture the value in it down the road

The purchase needs to be "as-is" and not contingent on inspections, legal, etc.

Earnest money should be a minimum of $20k and is non refundable after a 14 day due diligence period

Closing by March 31st 2026