814 Kern Ave Okmulgee, OK 74447-4262

This Okmulgee, Oklahoma mobile home park presents a compelling redevelopment opportunity. Located at 814 S Kern Ave, 74447, this 3.14-acre property (APN: 000013N12E12D06000) encompasses 136,778 square feet and features 28 units across 22 buildings and 26 pads, with two parking spaces per unit. Currently operating at 39% occupancy, the park boasts a NOI of $56,164 and a 3.40% cap rate, with a pro-forma NOI of $115,500 and a 7.00% pro-forma cap rate. The asking price is $1,650,000 ($12.06/sq ft, $63,461.54/pad). The property is zoned Commercial Residential and benefits from proximity to major employers like Coca-Cola Bottling & Distribution, Dlubak Glass Company, and CP Kelco Manufacturing, as well as Oklahoma State University – Okmulgee Campus. Its location near Highways 75, 62, and I-40 (40-minute drive to Tulsa) offers excellent accessibility. The park includes a mix of mobile home types, presenting opportunities for renovation and increased revenue. The current tenant base is multi-family with no credit rating and a modified lease type. This investment offers potential for value-add through infrastructure improvements and unit upgrades, capitalizing on the high demand for affordable housing in this area.