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Golden West Mobile Home Community 3203 S Highway 183 138 Unit Mobile Home Park $4,885,720 CAD ($35,404 CAD/Unit) Clinton, OK 73601

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INVESTMENT HIGHLIGHTS

There are 32 occupied and 9 vacant POH which could be sold off to tenants. This would reduce operating expenses & capex reserves while reducing basis.
Opportunity to increase rates beyond current rent roll average to market.
Located within 88 miles of Oklahoma City and its employment hub.

Immediate upside in stabilizing the communities from 38% to 62% occupancy by leasing vacant POH & RV sites & infilling vacant lots to achieve 95% occ.
Expense ratios will improve as infill drives revenue. This will lead to a substantial increase on yield.
Infilling park-models or converting RV sites to MH could improve the profile of the investment and reduce the cap rate range.

EXECUTIVE SUMMARY

Colliers Manufactured Housing & RV Group, as exclusive agent for the Owner, is pleased to offer the opportunity to acquire the 138-site Golden West Mobile Home Community, a well-located affordable housing opportunity located directly off U.S. thoroughfare 183 and 3-miles south of I-40 in Custer County, providing convenience to major metro Oklahoma City approximately 88 miles west.
The property is inclusive of 138 total sites with 30 tenant-owned homes, 32 park-owned homes, 24 RV sites, and 52 vacant sites.
Golden West MHC provides investors with expertise in stabilization and operations a prime value-add opportunity.
The asking price for the park is $3,500,000.

Golden West MHC OK

PROPERTY FACTS

Price	$4,885,720 CAD	Lot Size	41.20 AC
Price Per Unit	$35,404 CAD	Building Size	1,000 SF
Sale Type	Investment	Average Occupancy	38%
No. Units	138	No. Stories	1
Property Type	Multifamily	Year Built	1983
Property Subtype	Manufactured Housing/Mobile Home Multifamily Apartments Multifamily Dormitory	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price	$4,885,720 CAD
Price Per Unit	$35,404 CAD
Sale Type	Investment
No. Units	138
Property Type	Multifamily
Property Subtype	Manufactured Housing/Mobile Home Multifamily Apartments Multifamily Dormitory
Building Class	C
Lot Size	41.20 AC
Building Size	1,000 SF
Average Occupancy	38%
No. Stories	1
Year Built	1983
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

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(770) 933-8585

CONTACTS

Mike Nissley
Richard Knapp
David Nissley
Daniel Taylor
Amy Barrett
Colliers Manufactured Housing & RV Group

Listing ID: 35047341
Date on Market: 2025-03-06
Last Updated:
Address: 3203 S Highway 183, Clinton, OK 73601

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