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823 56th Ave
Stillwater, OK 74074
Avalon Mobile Home Park · Multifamily Property For Sale
·
11 Units
Executive Summary
Ownership is pleased to offer for sale an 11-pad manufactured housing community situated on approximately 6 acres in Stillwater, Oklahoma, home to Oklahoma State University. The Property is 100% physically occupied and includes 11 park-owned manufactured homes.
Electric and natural gas service is individually metered and billed directly to tenants by CREC and ONG respectively, while water is supplied by two on-site private wells and wastewater is treated through a private on-site sewage lagoon.
Beyond its stabilized in-place income, the Property offers a compelling value-add opportunity. Ownership's on-site lagoon is understood to have meaningful reserve capacity beyond the community's current home count, and a conceptual site plan has been developed illustrating the potential for approximately 15 additional land-lease pads across the Property's two tracts. Buyer is encouraged to independently verify expansion feasibility, including site engineering, utility capacity, setback requirements, and local permitting, during due diligence.
Electric and natural gas service is individually metered and billed directly to tenants by CREC and ONG respectively, while water is supplied by two on-site private wells and wastewater is treated through a private on-site sewage lagoon.
Beyond its stabilized in-place income, the Property offers a compelling value-add opportunity. Ownership's on-site lagoon is understood to have meaningful reserve capacity beyond the community's current home count, and a conceptual site plan has been developed illustrating the potential for approximately 15 additional land-lease pads across the Property's two tracts. Buyer is encouraged to independently verify expansion feasibility, including site engineering, utility capacity, setback requirements, and local permitting, during due diligence.
Property Facts
| Price Per Unit | $69,180 CAD | Apartment Style | Single-Family Home |
| Sale Type | Investment | Lot Size | 6.00 AC |
| Cap Rate | 14.81% | Building Size | 11,000 SF |
| Gross Rent Multiplier | 5.81 | No. Stories | 1 |
| No. Units | 11 | Year Built/Renovated | 1980/2001 |
| Property Type | Multifamily |
| Price Per Unit | $69,180 CAD |
| Sale Type | Investment |
| Cap Rate | 14.81% |
| Gross Rent Multiplier | 5.81 |
| No. Units | 11 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Lot Size | 6.00 AC |
| Building Size | 11,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1980/2001 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Yard
- Dining Room
Site Amenities
- Waterfront
- Pond
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 6 | $1,107 CAD | - |
| 2+1 | 4 | $968.52 CAD | - |
| 2+2 | 1 | $968.52 CAD | - |
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