21186 29Th St, Harrah, OK 73045
57 Unit Mobile Home Park | $1,695,000 ($29,737/Unit) | 10.88% Cap Rate | Harrah, OK 73045
For Sale
Active
Asking Price $1,695,000
- Property Type
-
Multifamily
- Square Feet
- 827,640 SF
Listing Contacts
- Property Info
Property Overview
MHP in Harrah, OK
45min from OKC
57 lots, bringing in 23,000/mo
43 POH, 3 TOH, 5 empty lots
Perfect location, next to large housing developments that are going in. Harrah is growing substantially each year, which can be seen by the major food chains, grocery, and retail stores that have opened up locations. This park is within walking distance of many of them including: braums, mcdonald’s, sonic, oreilly.
This park offers many different value-add opportunities. There is a list of renters that grows monthly who are awaiting available MH's, so with the rehab of the vacant units this park could easily double the current NOI. This park is an investor's paradise.
Assume sellers loan of 900k at 4.5%!!!
45min from OKC
57 lots, bringing in 23,000/mo
43 POH, 3 TOH, 5 empty lots
Perfect location, next to large housing developments that are going in. Harrah is growing substantially each year, which can be seen by the major food chains, grocery, and retail stores that have opened up locations. This park is within walking distance of many of them including: braums, mcdonald’s, sonic, oreilly.
This park offers many different value-add opportunities. There is a list of renters that grows monthly who are awaiting available MH's, so with the rehab of the vacant units this park could easily double the current NOI. This park is an investor's paradise.
Assume sellers loan of 900k at 4.5%!!!
Property Details
- Class
- C
- Year Built
- 1985
- Stories
- 1
- Property Subtype
- Manufactured Housing/Mobile Home
- Lot Size (sq. ft)
- 827,640 SF
- Units
- 57
Highlights
- Located in the growing, Harrah market.
- 40-45 min drive from OKC.
- Value add opportunity
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