Log In/Sign Up
Your email has been sent.
OKMULGEE MOBILE HOME COMMUNITY 814 S Kern Ave 24 Unit Apartment Building $2,073,750 CAD ($86,406 CAD/Unit) 8.80% Cap Rate Okmulgee, OK 74447
INVESTMENT HIGHLIGHTS
- 8 NEW PARK OWNED MOBILE HOMES 4 2024 3/2 CLAYTONS AND 4 2024 4/2 TRUES
- $1,042/MO. AVG RENT
- 30 MINUTES TO TULSA OK
- $30,000 PER HOME RENOVATION OF 7 1970-1980s HOMES
- HOME VALUES ARE MORE THAN 1/2 THE PARK PRICE
EXECUTIVE SUMMARY
NEW LISTING NOV 2025! The Okmulgee OK Mobile Home Community, 24 sites, $1,500,000, 8.8% cap rate, sale includes 4 2024 3/2 Claytons-$1,300/mo., 4 2024 4/2 Trues-$1,400/mo. and 7 1970-1980s that seller has renovated at $30K each in the last 2 years. Avg rent is $1,042/mo. 84% occupancy with all POHs occupied. 2.5 acres MOL. The park pays all municipal utilities. The value of the park owned mobile homes is $790,000, or more than 1/2 the price. Okmulgee, population 11,322, is located in east central OK, 38 miles south of Tulsa, OK, population 1,050,000 and is in the Tulsa MSA. US route 75 runs N/S through the middle of the city and runs directly N. to Tulsa. 13 miles S. is the city of Henryetta, population 5,640 and I-40. Okmulgee is home to the Green Country Technology Center. In 2002, downtown Okmulgee was recognized as one of the top 5 Great American Main Streetsin the U.S.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$346,731
|
$11.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$346,731
|
$11.56
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$165,087
|
$5.50
|
| Net Operating Income |
$181,644
|
$6.05
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $346,731 |
| Annual Per SF | $11.56 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $346,731 |
| Annual Per SF | $11.56 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $165,087 |
| Annual Per SF | $5.50 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $181,644 |
| Annual Per SF | $6.05 |
PROPERTY FACTS
| Price | $2,073,750 CAD | Apartment Style | Garden |
| Price Per Unit | $86,406 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 2.90 AC |
| Cap Rate | 8.80% | Building Size | 30,000 SF |
| Gross Rent Multiplier | 5.98 | Average Occupancy | 85% |
| No. Units | 24 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1983 |
| Property Subtype | Apartment |
| Price | $2,073,750 CAD |
| Price Per Unit | $86,406 CAD |
| Sale Type | Investment |
| Cap Rate | 8.80% |
| Gross Rent Multiplier | 5.98 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.90 AC |
| Building Size | 30,000 SF |
| Average Occupancy | 85% |
| No. Stories | 1 |
| Year Built | 1983 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Detector
1 1
PROPERTY TAXES
| Parcel Number | 0000-12-13N-12E-D-060-00 | Improvements Assessment | $2,925 CAD |
| Land Assessment | $12,275 CAD | Total Assessment | $15,200 CAD |
PROPERTY TAXES
Parcel Number
0000-12-13N-12E-D-060-00
Land Assessment
$12,275 CAD
Improvements Assessment
$2,925 CAD
Total Assessment
$15,200 CAD
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Keith Wilson Co.
OKMULGEE MOBILE HOME COMMUNITY | 814 S Kern Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.