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Listed by Seth Koenig • Pioneer Realty
$4,150,000
Est. payment /mo
53,310 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Pending
Purchase Type For Sale
Square Footage 53,310 sqft
Price per Sqft $77
MLS Listing ID OKC1222794
Year Built 1983
Acres 22.12
Property Sub-Type Investment
Property Description
The Western Park Portfolio presents a rare opportunity to acquire two stabilized and value-add mobile home communities within the growing OKC MSA. Located in Bethel Acres, OK, just 30 miles east of Oklahoma City along I-40 and adjacent to Shawnee, this combined offering includes a total of 78 sites across Western Park I and Western Park II.
Western Park I consists of 58 sites across 16.95 acres and is currently 72% occupied, offering immediate upside through lease-up and infill. The property includes 29 park-owned homes valued at approximately $1,040,000, with 87% built in 2000 or newer, 15 lot rentals, and 14 vacant lots. Utilities include lagoon sewer and rural water (park-paid), with tenants responsible for electricity.
Western Park II is a newer, low-maintenance community built in 2022, featuring 20 sites on 5.17 acres. The park is 100% occupied and consists entirely of 896 SF (16'x56') 2 bed / 2 bath rental homes. Recent construction includes full interior build-outs, modern finishes, front porches, and dual-entry access. Infrastructure includes septic systems, rural water (park-paid), and tenant-paid electricity, with additional land available for expansion.
Together, the portfolio offers a strong blend of stabilized income and value-add potential, with a diverse mix of newer inventory and operational upside. The properties benefit from their location in a desirable community with strong schools and proximity to five casinos within a 7-mile radius, supporting consistent rental demand.
This is a unique opportunity to acquire scale within a tight geographic footprint, with both assets located within close proximity to one another.
Western Park I consists of 58 sites across 16.95 acres and is currently 72% occupied, offering immediate upside through lease-up and infill. The property includes 29 park-owned homes valued at approximately $1,040,000, with 87% built in 2000 or newer, 15 lot rentals, and 14 vacant lots. Utilities include lagoon sewer and rural water (park-paid), with tenants responsible for electricity.
Western Park II is a newer, low-maintenance community built in 2022, featuring 20 sites on 5.17 acres. The park is 100% occupied and consists entirely of 896 SF (16'x56') 2 bed / 2 bath rental homes. Recent construction includes full interior build-outs, modern finishes, front porches, and dual-entry access. Infrastructure includes septic systems, rural water (park-paid), and tenant-paid electricity, with additional land available for expansion.
Together, the portfolio offers a strong blend of stabilized income and value-add potential, with a diverse mix of newer inventory and operational upside. The properties benefit from their location in a desirable community with strong schools and proximity to five casinos within a 7-mile radius, supporting consistent rental demand.
This is a unique opportunity to acquire scale within a tight geographic footprint, with both assets located within close proximity to one another.
Location
State OK
County Pottawatomie
Zoning Mobile Home Park
Interior
Fireplace N
Building
Sewer Lagoon
Water Rural
Others
Acceptable Financing As is Condition
Listing Terms As is Condition
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Tyler Latta
Real Estate Agent License ID: 212925
Real Estate Agent License ID: 212925