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Investment Highlights

  • 10.77% Blended Cap Rate – Strong in-place cash flow at a discounted portfolio price
  • Prime OKC MSA Location – Strong demand drivers with proximity to I-40 and nearby casinos
  • 79 Sites | ~82% Occupied – Immediate upside through lease-up and infill

Executive Summary

The Western Park Portfolio presents a rare opportunity to acquire two stabilized and value-add mobile home communities within the growing OKC MSA. Located in Bethel Acres, OK, just 30 miles east of Oklahoma City along I-40 and adjacent to Shawnee, this combined offering includes a total of 79 sites across Western Park I and Western Park II.
Western Park I consists of 59 sites across 16.95 acres and is currently 77% occupied, offering immediate upside through lease-up and infill. The property includes 31 park-owned homes valued at approximately $1,040,000, with 87% built in 2000 or newer. Utilities include lagoon sewer and rural water (park-paid), with tenants responsible for electricity.
Western Park II is a newer, low-maintenance community built in 2022, featuring 20 sites on 5.17 acres. The park is 95% occupied and consists entirely of 896 SF (16’x56’) 2 bed / 2 bath rental homes. Recent construction includes full interior build-outs, modern finishes, front porches, and dual-entry access. Infrastructure includes septic systems, rural water (park-paid), and tenant-paid electricity, with additional land available for expansion.
Together, the portfolio offers a strong blend of stabilized income and value-add potential, with a diverse mix of newer inventory and operational upside. The properties benefit from their location in a desirable community with strong schools and proximity to five casinos within a 7-mile radius, supporting consistent rental demand.
This is a unique opportunity to acquire scale within a tight geographic footprint, with both assets located within close proximity to one another.

Property Facts

Price $5,773,853 CAD
Price Per Unit $73,087 CAD
Sale Type Investment
Cap Rate 10.77%
Sale Condition Business Value Included
No. Units 79
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Building Class C
Lot Size 22.12 AC
Building Size 50,000 SF
Average Occupancy 82%
No. Stories 1
Year Built 2022

Amenities

Unit Amenities

  • Sprinkler System
  • Views
  • Yard
  • Garden
  • Instant Hot Water
  • Lawn

Site Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Recycling
  • Trash Pickup - Curbside
  • Walking/Biking Trails
Exceptionally drivable
90/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
000033010003001902
Land Assessment
$5,882 CAD
Improvements Assessment
$6,058 CAD
Total Assessment
$11,940 CAD
  • Listing ID: 40057443

  • Date on Market: 2026-04-07

  • Last Updated:

  • Address: 18100 Coker Rd, Shawnee, OK 74801

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