South Acres Community MHP 37 S Acres W 45 Unit Mobile Home Park $3,350,208 CAD ($74,449 CAD/Unit) 6.20% Cap Rate Bristow, OK 74010

South Acres (Location Highlights)
•Just 30 miles from Tulsa, 60 miles from Oklahoma City
•Located in Bristow, OK – county seat of Creek County
•Direct access to I-44 – key route between OKC & Tulsa
•Part of the Tulsa Metropolitan Area
South Acres (Property Overview)
•45 total pads: 44 MH + 1 RV
•12.88 acres – zoned for MHP/RV use
•Park established in the 1960s
•Not in a flood zone
•Approx. half of the land is undeveloped
•Reonomy indicates this property is located in an opportunity zone.
South Acres (Occupancy & Units)
•30 pads currently occupied
•36 Park-Owned Homes (POHs)
•6 Tenant-Owned Homes (TOHs)
•1 new home ready for installation
•1 home off rent roll due to damage
•8 units need demolition
•POH titles are not held for all units
South Acres (Rental Income)
•POH Rent: Avg. $800/mo (last raised Spring 2025)
•TOH Rent: Avg. $400/mo (last raised Summer 2024)
South Acres (Infrastructure & Utilities)
• •Pad size: ~90’ x 30’
•City water & sewer
•East side: Direct-billed by city
•West side: Master-metered & backbilled by owner
•PVC underground pipe
•Electric meters on every lot
•Residents pay for garbage
•Roads: 1 asphalt, 1 gravel – both in “decent” condition
•Storm shelter on-site
•Butler steel building serves as shop & office
South Acres (Management & Operations)
•On-site manager and maintenance man in place
•Rent paid by money order via mail
•7 tenants behind on rent
•Some tenants mow; others use park’s contractor
•Residents responsible for snow removal
South Acres (Recent Upgrades)
•12 new homes added
•New monument sign installed
•Ongoing interior renovations
South Acres (Value-add Potential)
• If kept, the current owners would:
•Complete install of final new home
•Demolish uninhabitable units
•Renovate storm shelter
•Develop unused land
•Pave internal roads
•Add new community amenities
South Acres (Financing)
Owner financing available – terms negotiable.
Brokerage:
MR. LANDMAN, LLC is a licensed entity in the State of Oklahoma under Lic#201400. Jonathan Fisher is a licensed managing broker in the State of Oklahoma under Lic#201422.

Location

Bristow is a city in Creek County, Oklahoma. The population as of the 2020 Census was 4,248, up slightly from the population of 4,222 reported at the 2010 census.
• The median home cost in Bristow is $102,200. Home appreciation the last 10 years has been 70.8%. Home Appreciation in Bristow is up 17.0%.
• Renters make up 35.8% of the Bristow population.
The average 1-bedroom rents for $650/month.
The average 2-bedroom rents for $820/month.
The average 3-bedroom rents for $1,080/month.
The average 4-bedroom rents for $1,260/month.
• Bristow has an unemployment rate of 4.4%. The US average is 6.0%.
• Bristow has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
• The Median household income of a Bristow resident is $35,288 a year. The US average is $69,021 a year.
Bristow violent crime is 20.1. (The US average is 22.7)
Bristow property crime is 64.3. (The US average is 35.4)