Current Use by Public Records
- Mobile home & RV parks
Property Details for 39733 1510 Dr
- Year built
- 2018
- Lot size
- 7.68 lot acres
- Property type
- Mobile home & RV parks
Description
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dewey
- County
- Washington
- State
- Oklahoma
- Longitude
- -95.9183
- Latitude
- 36.7995
