Mobile Home Park

Dutchman's Mobile Home Park

34077 S 528 Rd, Cookson, OK 74427

Listing Price: $815,000

Cap Rate
8.53%
Number of Spaces
59
Lot Size
18.83 acres
Occupancy
100.0%
Price/Space
$13,814
Spaces/Acre
3.13
Year Built
1951

Investment Overview

Dutchman’s Mobile Home Park is a 59-site mobile home park located at 34077 South 528 Road in Cookson, Oklahoma. The park consists of 58 lot rentals and 1 oversized lot rental that will start collecting $200 a month of rent in September 2020. The property is located on 19 acres and has many trees throughout the property and in between the homes for privacy. The park’s water is supplied by the Lake Region Electric County Cooperative and has a septic sewer system. The parks also has both new water and sewer lines. The tenants pay for their own utilities, which are individually metered. The city of Cookson, Oklahoma is a major vacation destination for tourists looking for a quiet and relaxing destination. Cookson offers many local attractions including Lake Tenkiller, the Cookson Wildlife Management Area, camping, fishing, scuba diving, hunting, boating and the Cherokee Landing State Park. The asset is just over a mile away from the major Highway 82. There is little direct competition in the area’s rental market creating a need for available rental spaces. The asset also has the possibility to add 12 additional sites to create more monthly income for the property. Dutchman’s Mobile Home Park is being offered at a current cap rate of 7.95 percent and a pro forma cap rate of 8.5 percent.

Investment Highlights

  • Day One Cap Rate of 7.95 Percent
  • Stable Tenant Base, Some Residents Pay Annually or Bi-Annually
  • All Lot Rents and Tenants Pay All Their Own Utilities
  • Over 2,000 Feet of New Water Lines Along with New Meters at Each Lot Were Installed in Late 2018

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    License(s): OK: 181981

    Oklahoma

Mobile Home Park

Dutchman's Mobile Home Park

Listing Price: $815,000

Cap Rate
8.53%
Number of Spaces
59
Lot Size
18.83 acres
Occupancy
100.0%
Price/Space
$13,814
Spaces/Acre
3.13
Year Built
1951

Investment Highlights

  • Day One Cap Rate of 7.95 Percent
  • Stable Tenant Base, Some Residents Pay Annually or Bi-Annually
  • All Lot Rents and Tenants Pay All Their Own Utilities
  • Over 2,000 Feet of New Water Lines Along with New Meters at Each Lot Were Installed in Late 2018

Investment Overview

Dutchman’s Mobile Home Park is a 59-site mobile home park located at 34077 South 528 Road in Cookson, Oklahoma. The park consists of 58 lot rentals and 1 oversized lot rental that will start collecting $200 a month of rent in September 2020. The property is located on 19 acres and has many trees throughout the property and in between the homes for privacy. The park’s water is supplied by the Lake Region Electric County Cooperative and has a septic sewer system. The parks also has both new water and sewer lines. The tenants pay for their own utilities, which are individually metered. The city of Cookson, Oklahoma is a major vacation destination for tourists looking for a quiet and relaxing destination. Cookson offers many local attractions including Lake Tenkiller, the Cookson Wildlife Management Area, camping, fishing, scuba diving, hunting, boating and the Cherokee Landing State Park. The asset is just over a mile away from the major Highway 82. There is little direct competition in the area’s rental market creating a need for available rental spaces. The asset also has the possibility to add 12 additional sites to create more monthly income for the property. Dutchman’s Mobile Home Park is being offered at a current cap rate of 7.95 percent and a pro forma cap rate of 8.5 percent.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    License(s): OK: 181981

    Oklahoma

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