27701 E Admiral Pl Catoosa, OK 74015

Two manufactured home communities in Tulsa, OK, are available as a portfolio. The communities total 117 sites, including 89 park-owned homes with an average age of 2018, 66% of which are LTOs. The current occupancy is 91%, with average site rents of $516. Both communities are located in Tulsa metro suburbs, 12 miles apart. Trails End (71 sites) is located in Catoosa, OK, an east Tulsa suburb. The community sits on the south side of Hwy 421 and is heavily treed with asphalt streets in excellent condition. Of the 71 sites, 57 have park-owned homes, including 40 LTOs with an average home age of 2019, 3 vacant homes, 11 rentals with an average age of 2016, and 3 POH notes aged 2013. Occupancy is 92%. This is an all-age, all-MH community. The former owner’s stick-built single-family residence serves as the office, accompanied by a large maintenance garage. Utilities include master-metered city water and a sand-filtration chlorination/dechlorination wastewater system. The site rent includes water, sewer, and trash; tenants pay electricity and park-required homeowners insurance. Matching storage sheds rent for $50/month. Leisure Estates (46 sites) was built in the late 1970s in Claremore, OK, a northeast suburb of Tulsa. The community includes 32 park-owned homes, of which 19 are LTOs (avg. age 2014), 11 rentals (avg. age 2016), and 2 older vacant homes. Occupancy is 91%. The property features asphalt streets and is an all-age, all-MH community. Tenants pay all utilities, including water, sewer, trash, and electricity.