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Choctaw Estates-Multifamily 1401 N Choctaw Rd 55 Unit Mobile Home Park $1,352,205 CAD ($24,586 CAD/Unit) 2.40% Cap Rate Choctaw, OK 73020
Investment Highlights
- LOCATED IN GROWING UPSCALE OKC SUBURB FOR $17K/SITE
- TENANT OWNED HOMES SITE PARK NO PARK OWNED RENTAL HOMES
- VALUE ADD OPPORTUNITY ADDING 27 ADDITIONAL SITES
- HEAVILY TREED 10.3 ACRES WINDING ROADS ELEVATION CHANGES
Executive Summary
NEW LISTING NOV 2025! Choctaw Estates Manufactured Housing Community, a 55 site (can expand to 82) located in a growing affluent east OKC suburb of Choctaw, OK. Tenant owned-site rent park, NO park owned mobile home rentals. 43 sites occupied @$420/mo rent. Heavily treed 10.32 acres, winding roads with elevation changes. Utilities are well water (3 wellhouses) and sewer is 5 septics that are pumped into the Choctaw City sewer line. The condition of the roads are fair/poor. Site park in affluent suburb for $17K/site with 78% occupancy. Tremendous value add opportunity with great location and substantial occupancy. Improve the roads and bring homes on.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$232,706
|
$225.49
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$200,542
|
$194.32
|
| Net Operating Income |
$32,163
|
$31.17
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $232,706 |
| Annual Per SF | $225.49 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $200,542 |
| Annual Per SF | $194.32 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $32,163 |
| Annual Per SF | $31.17 |
Property Facts
| Price | $1,352,205 CAD | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $24,586 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 10.32 AC |
| Cap Rate | 2.40% | Building Size | 1,032 SF |
| Gross Rent Multiplier | 5.8 | Average Occupancy | 78% |
| No. Units | 55 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1975 |
| Price | $1,352,205 CAD |
| Price Per Unit | $24,586 CAD |
| Sale Type | Investment |
| Cap Rate | 2.40% |
| Gross Rent Multiplier | 5.8 |
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 10.32 AC |
| Building Size | 1,032 SF |
| Average Occupancy | 78% |
| No. Stories | 1 |
| Year Built | 1975 |
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Property Taxes
| Parcel Number | 194747035 | Improvements Assessment | $67,764 CAD |
| Land Assessment | $34,440 CAD | Total Assessment | $102,204 CAD |
Property Taxes
Parcel Number
194747035
Land Assessment
$34,440 CAD
Improvements Assessment
$67,764 CAD
Total Assessment
$102,204 CAD
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Keith Wilson Co.
Choctaw Estates-Multifamily | 1401 N Choctaw Rd
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