Kingfisher Multifamily for Sale
Sullivan Mobile Home Park is a 20-pad community located in the growing city of Kingfisher, Oklahoma—an integral part of the Oklahoma City Metropolitan Statistical Area (MSA). In addition to the mobile home pads, the property includes an approximately 1,100 square foot single-family residence and a separately leased commercial building, providing multiple streams of income. Situated on 3.30 acres, this value-add opportunity offers immediate rental upside with a scheduled rent increase set for August 1, 2025. The current owner has held the asset for the past two years and has established basic operational systems, including a dedicated park manager and maintenance personnel.
The park is fully serviced by city water and city sewer, with tenants direct billed by the utility providers for both services. Tenants are also responsible for their own trash service. While certain infrastructure specifics—such as pad sizes, pipe composition, and electrical amp service—are unknown, the park has remained operational and stable under current ownership. The property is not believed to be located in a flood zone. Rent collection is handled through common digital platforms such as Venmo, bank transfers, and Cash App, providing flexibility for tenants and simplicity for ownership. Only one tenant is currently behind on rent, suggesting strong overall collections.
Kingfisher is a vibrant community located approximately 45 minutes northwest of downtown Oklahoma City. As part of the OKC metro area, Kingfisher benefits from access to the region’s strong employment base, diverse economic sectors including energy, agriculture, manufacturing, and aerospace—and ongoing population growth. The local economy is supported by major regional employers such as Pioneer Telephone Cooperative, Mercy Hospital Kingfisher, and Kingfisher Public Schools. This strategic location offers a small-town quality of life with convenient access to metro amenities, positioning the Sullivan MHP as an attractive affordable housing option for residents commuting to nearby employment hubs.
Sullivan MHP represents an affordable entry point into the Oklahoma City MSA manufactured housing market. With stable tenancy, room for rent growth, and additional income-producing structures, this asset is well-suited for both experienced operators and first-time park investors. While some standard due diligence documentation is unavailable due to limited historical recordkeeping, the park has demonstrated consistent performance under current ownership. Buyers are encouraged to conduct onsite inspections and may want to engage lenders familiar with mobile home communities to facilitate financing.
Prospective buyers should be aware that, while a current rent roll is available, the seller has maintained minimal additional financial documentation related to the operation of the property. As such, many of the standard materials typically requested during a conventional due diligence process—such as detailed profit and loss statements, utility records, and maintenance expense logs—will not be provided.
Buyers should also understand that the absence of comprehensive financials may limit the comfort level of some lenders. While we are open to offers contingent upon financing, we strongly encourage prospective buyers to have an established relationship with a lender experienced in this asset class or be prepared to make a larger than standard down payment to account for underwriting uncertainty.
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:
Kingfisher is a city in and the county seat of Kingfisher County, Oklahoma. The population was 4,903 at the time of the 2020 census. It is the former home and namesake of Kingfisher College. According to the Encyclopedia of Oklahoma History and Culture, Kingfisher is now primarily a bedroom community for people employed in Enid and Oklahoma City.
The median home cost in Kingfisher is $183,900. Home appreciation the last 10 years has been 41.1%. Home Appreciation in Kingfisher is up 4.7%.
Renters make up 24.7% of the Kingfisher population.
The average 1-bedroom unit rents for $550/month.
The average 2-bedroom unit rents for $720/month.
The average 3-bedroom unit rents for $1,010/month.
The average 4-bedroom unit rents for $1,200/month.
Kingfisher has an unemployment rate of 2.9%. The US average is 6.0%.
Kingfisher has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher thanthe US average of 33.5%.
The Median household income of a Kingfisher resident is $56,371 a year. The US average is $69,021 a year.
Kingfisher violent crime is 11.8. (The US average is 22.7)
Kingfisher property crime is 27.3. (The US average is 35.4)
Kingfisher, OK has a temperate climate with four distinct seasons. Summers are warm and humid, with temperatures often reaching into the mid-80s but rarely exceeding 90 degrees. Winters in Kingfisher are generally cold and snowy, with average temperatures dropping to single digits at night and rarely exceeding 40 degrees during the day. Spring and autumn have mild temperatures that can vary widely, with highs above 70 being common in early spring and sometimes even late fall. Precipitation is relatively common throughout the year, although it tends to be more frequent during the spring months.
Kingfisher County is a county located in the U.S. state of Oklahoma. As of the 2020 census, the population was 15,184. Its county seat is Kingfisher. The county was formed in 1890 and named Kingfisher by a vote of residents.
Here is a list of the largest employers in Kingfisher County:
•Pioneer Telephone Cooperative (approximately 501–1,000 employees)
•Mercy Hospital Kingfisher (approximately 461 employees)
•Kingfisher County Public Schools (approximately 770 employees)
•Kingfisher Health Center (approximately 200–300 employees)
•McBride Clinic, Inc. (approximately 500 employees)
•Dolese Bros. Co. (approximately 500 employees)
•BancFirst (approximately 500 employees)
Many local oil & gas operators (e.g., Avalanche, Almont Energy, etc.) exist in the county, but specific employee counts aren’t publicly documented. County and city government also employ a notable number of staff, though exact figures weren’t found. Retail employers (like Dollar General, local grocers) contribute significantly but lack firm-level data.
