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39733 1510 Dr Dewey, OK 74029

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For Sale
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7-unit park, 8.71% cap rate, excellent location.

Property Features for 39733 1510 Dr

General Information

Property type
Multifamily properties
Class
C
Lot Size
334,541 SF

Building Details

Year Built
2018
Buildings
7
Stories
1
Units
7

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Listing Contact
Dean Robertson
Dean Robertson

Listing Agency: Shelley Koster Real Estate Inc., dba Keller Williams Realty Bartlesville Listing Agent: Dean Robertson

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional investment opportunity presents a well-maintained, seven-unit mobile home park situated on 7.68 acres in Dewey, Oklahoma, Washington County (zip code 74029). Priced at $450,000, this property boasts a strong 8.71% capitalization rate and a current Net Operating Income (NOI) of $39,215, reflecting a 100% occupancy rate. The park consists of seven single-story buildings, all meticulously maintained. Six units were newly constructed in 2018, each measuring 14x60 feet, and featuring Hardy Board siding and metal roofs. A seventh unit, a 14x61 foot model, was added in 2016. Each unit offers a desirable 2-bedroom, 2-bathroom layout. The property is conveniently located just outside Dewey city limits, offering potential for future expansion. A significant advantage is the proximity to a new, no-emission refinery currently under construction within one mile, promising increased local demand and economic growth. This presents a compelling investment opportunity in a thriving area with strong potential for future returns. The property's Class C designation and owner/user investment type further enhance its appeal. The zoning is outside city limits.
Property Profile Location Intelligence

Current Use by Public Records

Mobile home & RV ...

Map

City
Dewey
County
Washington
State
Oklahoma
Longitude
-95.918268
Latitude
36.799455

FAQs

What type of property is this?
Multifamily property - 7-unit park, 8.71% cap rate, excellent location.
Where is this multifamily property located?
The property is located at 39733 1510 Dr Dewey, OK.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: $450,000 asking price for a 7-unit mobile home park.; 8.71% cap rate with a $39,215 NOI.; 100% occupancy.
(918) 440-8534 Call to check price and availability
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