Property Description

Western Park I is a 59-site mobile home park located in the OKC MSA in Bethel Acres, OK. The property includes 31 park-owned homes (POHs) valued at approximately $1,040,000 (37% of purchase price), with 87% built in 2000 or newer. All homes are rentals except for one rent-to-own unit.Offered at $2,850,000 ($48,305/site) with a 10.56% cap rate, the park sits on 16.95 acres and is currently 77% occupied (2 vacant homes, 12 vacant pad sites), providing immediate upside through lease-up and infill.Utilities include lagoon sewer, and rural water (park-paid), with tenants responsible for electricity.Ideally located in the growing community of Bethel Acres (population ~3,300), just 30 miles east of Oklahoma City via I-40 and adjacent to Shawnee (population ~32,000). The area benefits from a strong school district and proximity to five casinos within 7 miles, supporting consistent rental demand.This property is being offered by a local builder/developer and can be purchased individually or as part of a portfolio including Western Park II (20 sites, all 2022 2/2 homes, $1,450,000, 10.07% cap) and Opening Doors MHP (25 sites, $1,200,000, 9.18% cap) - both located within 2 miles.

Property Features