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Mobile Home Park

Park West

2700 W Lakeview Road, Stillwater, OK 74075

Listing Price: Request For Offer

Number of Spaces
143
Lot Size
49.00 acres
Occupancy
68.5%
Spaces/Acre
2.92
Year Built
2000

Investment Overview

Park West MHC is a value-add project located in Stillwater OK, 2.5 miles from the Oklahoma State University. The community consists of 143 mobile home lots and includes a separate adjacent parcel with an additional 26 (+/-) acres of zoned MHC land that could accommodate another 100+ lots. The current occupancy of the active lots is at 68.5% and there is upside available through rent growth, lease up/sale of 13 currently vacant park owned homes and the infill of 29 vacant lots. The current average lot rent is $332. Park West MHC has public water & sewer and is sub-metered and billed back to the tenants.

Investment Highlights

  • Achievable Value-Add
  • Near Oklahoma State University
  • Located in an Opportunity Zone

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Listing Price: Request For Offer

Number of Spaces
143
Lot Size
49.00 acres
Occupancy
68.5%
Spaces/Acre
2.92
Year Built
2000

Investment Highlights

  • Achievable Value-Add
  • Near Oklahoma State University
  • Located in an Opportunity Zone

Investment Overview

Park West MHC is a value-add project located in Stillwater OK, 2.5 miles from the Oklahoma State University. The community consists of 143 mobile home lots and includes a separate adjacent parcel with an additional 26 (+/-) acres of zoned MHC land that could accommodate another 100+ lots. The current occupancy of the active lots is at 68.5% and there is upside available through rent growth, lease up/sale of 13 currently vacant park owned homes and the infill of 29 vacant lots. The current average lot rent is $332. Park West MHC has public water & sewer and is sub-metered and billed back to the tenants.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

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