Investment Opportunity - Established Mobile Home Park

3841 N. Commerce, Ardmore, Oklahoma, 73401

Photos

* FOR SALE

$900,000

MLS: 35077-10848

9.8 Acres

PROPERTY FEATURES

  • Income Property
  • Great Location
  • 37 Spaces plus Overflow
  • Long-term Tenants
  • Located in Ardmore, OK
  • Mobile Home Park
  • Excellent Returns
  • Easy Access to I-35

DESCRIPTION

Take a look, Town & Country Mobile Home Park could be your new business venture. The 2018 cap rate was 13.5% (Over $10,000 profit per month).  With returns like that, your investment will pay itself off in 7.5 years!  It offers 37 spaces, accomodating both RV's and Mobile Homes.  The property is clean and well maintained, which draws quality, long term tenants. 

Excellent location: Property is in the growing community of Ardmore, OK.  It's adjacent to Lakeview Golf Course in Ardmore, Oklahoma. Only 5 minutes to I-35, and 1.5 hours to Oklahoma City or Dallas/Ft. Worth.

Management worries?  Current owner is willing to stay on and manage for upto a year.  Also, we have a full service property management company that can pick it up from there.

Forget about RV and mobile home maintenance!  Tenants own their own dwellings and are responsible for their own repairs. 

Wait, it gets better?!?   Additional features include all new water lines, many upgraded electric panels, and a bonus 4.62 acres ready to be developed.

Want more info on this Turn Key business with a steady income stream?  If your answer is "Yes, Please!!!" then call or email for additional details.


Area Info: Ardmore, OK  halfway between Oklahoma City and Dallas / Ft. Worth, right on I35.  The population is about $25,000, but doubles if you include small communities surrounding the town.  Ardmore has been booming with growth over the last decade.  A new strip mall is in progress at the moment. and an older strip mall is getting a complete renovation.  Burk Collins, a major developer in the area, stated that Ardmore has 400,000 people in its “shopping area”, which spans 50 miles.  He also noted that Ardmore is considered a “high income” area, with the average household income at $68,000, which is 60% higher than the state average.  National retailers are coming in by the droves.  Ardmore is home to Noble Research Institute, Valero Refinery, Michelin, Dot Foods, and several other industries.   Local attractions include Lake Murray and Turner Falls.  The town is just 30 minutes away from the World’s Largest Casino (Winstar) and the Texas border.   Ardmore Development Authority and Chamber of Commerce are dedicated to work with business owners to make the town a desirable place to call home.


Other Oklahoma facts:  Oklahoma is the second lowest in the Nation for cost of electricity (2.2 cents per kilowatt).  The state is known for stability, even during National market downturns, as well as low property taxes. 

ADDRESS & DIRECTIONS

  • Street Address: 3841 N. Commerce
  • City: Ardmore
  • State: Oklahoma
  • County: Carter

Sarah Fulton

Sales Associate
(580) 223-3699
(580) 222-6106
sarah-fulton@hotmail.com