Investment Overview

Marcus & Millichap is pleased to present Sky Blue Acres, a 20-space mobile home park in Muskogee, Oklahoma. The property is offered at a 7.63 percent capitalization rate with a day-one net operating income of $49,573. The community includes 14 tenant-owned homes, an office, and a model home from a local dealership located at the entrance. The northern portion of the site contains 16 partially developed lots, providing future infill potential in addition to four vacant lots on the existing side of the park. Over the past year, ownership has invested more than $460,000 in capital improvements. Upgrades include new water lines throughout, new gravel roads, installation of two pads, and clearing of trees and debris on the north side to prepare for new lots (see page 5 for a full Capex breakdown). The park is served by public water and septic systems. Current lot rent is $400 per month. Tenants now pay a flat $50 monthly fee for water and trash, while electricity is directbilled. Professional third-party management is in place at 10 percent of gross income and is available to continue post-sale. Property tours are by appointment only. Please do not visit the community without prior approval. Contact Marcus & Millichap listing agents to arrange a showing.