4700 Ok-78 Milburn, OK 73450

This exceptional investment opportunity presents a 9.6-acre RV park in Milburn, Oklahoma, boasting 56 RV pads and four buildings. Currently operating at 22% occupancy (as of February 29, 2024), the park offers substantial value-add potential. The property features a current NOI of $19,965, but a pro-forma NOI of $256,756 projects significant growth. The asking price is $800,000, translating to approximately $14,285.71 per pad. Built in multiple phases with renovations completed in 2006, the park sits on a 9.6-acre lot zoned for rural use. The property includes additional income streams from a house rental and a coin-operated laundry. Located at 4700 OK-78, Milburn, OK 73450, the park benefits from its proximity to Blue River and Tishomingo, Oklahoma, a growing area with tourism potential. The property is classified as Class B and offers a current cap rate of 2.50% and a pro-forma cap rate of 32.09%. This is a prime opportunity for investors seeking a value-add project with strong potential for increased revenue and profitability. The property's location near Tishomingo, known as the Cultural Capital of the Chickasaw Nation, provides access to a growing tourism market. Rental rates for the RV pads reach up to $450 per month. The property's APN is 0000-04S-07E-04-4-003-00. This is a private ownership opportunity.