Photo of Mobile Home Park

Mobile Home Park Details

Purchase Method: Cash, New Loan
Listing ID: 964133
Posted On: Jun 29, 2018
Updated On: Dec 30, 2021

Description

48-Space RV Park with 34 Full-Time Monthly Occupants & 14 Variable Spaces for Daily & Weekly Rentals (Variable Space Income is NOT reflected in the P&L); ~70% Occupied year-round. No park-owned homes or permanent RVs. Total of 4 wells on property; Septic Sewer; City Electric Master-Metered; park has hookups for 20- & 50-amps; propane tanks. No utilities are billedback; everything's included in rent (except tenants buy own propane).

Amenities Include: Pavilion with picnic tables, Fire pits, Bath house (2 Men's showers, 1 stall, 1 urinal & 2 Women's showers, 2 stalls), Full hook up sites with sewer, water, and 30/50 amp service; Laundry room (2 washers/2 dryers), an Office / Living Quarters & a Storm shelter.

RV RATES:
`20-amp for $25/day & 50-amp for $27.50/day
`20-amp for $150/week & 50-amp for $165/week
`20-amp & 50-amp for $425/month (for 2 adults and 2 kids; any additional child or adult $25)

HUGE UPSIDE OPPORTUNITY TO RECAPTURE UTILITY EXPENDITURES BY EITHER INCREASING RATES OR CHARGING ON-TOP FOR WATER/SEWER & ELECTRIC!

Location

48-Space RV Park located between Ardmore & Marietta on the eastern bank of Lake Murray. The park has close access to OK-77S (HWY around Lake Murray) & US-70 (runs east-to-west; just north of Shangri-La) as well as US-77 (runs north-to-south parallel to I-35; located west of Lake Murray) & I-35! just south of the property a few miles is OK-32, running east-to-west, just above the Red River on the Texas-Oklahoma border.

This southern portion of Oklahoma, between Ardmore & Marietta, is an exceptional location! Not too long ago, on June 12, 2018, an article was posted
by The Daily Ardmoreite titled "Regional Park complex plays host to revenue generating tournaments", which, after a thorough read, proves that the traffic in the area for just high-school, private-club and college sports is remarkably high!

This RV Park has 34 fully-occupied spaces and leaves 14 for Daily & Weekly rentals, which remain relatively full, especially during high-traffic seasons.