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15 Shelly Lane
Ardmore, OK 73401
Asking Price
$1.27M
Cap Rate
7.49%
Asset Type
Mobile-home-park
Class
Class B
What's Special
47-Site MHP with Vacant Lot Upside | Low Operating Expenses | Ardmore, OK <p><strong>UNIT COMPOSITION:</strong></p><ul><li>47 Total Sites</li><li>35 Tenant-Owned Homes</li><li>2 Vacant Park-Owned Homes</li><li>10 Vacant Lots (5 RV-Capable)</li><li>1 Single-Family Home</li><li>City Water & Lagoon System</li></ul><p><strong>UTILITY STRUCTURE:</strong></p><ul><li>City Water & Lagoon System</li><li>Water & Electric Are Direct Billed to Tenants</li><li>No Owner-Paid Water or Electric Expense</li></ul><p><strong>LAGOON SYSTEM INCOME & OWNERSHIP:</strong></p><ul><li
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NOI
$80,000
Cap Rate
6.27%
DSCR
1.06
Tight
Cash-on-Cash
1.13%
Monthly Payment
$6,308.004
Annual Cash Flow
$4,303.948