320 Bluff AVE Poteau, OK 74953

Other MLS #: 1085149 Courtesy Of Keller Williams Platinum Realty

Property InformationDescription

17-Space Mobile Home Park Poteau, OK

This 17-space park sits within Poteau city limits, about 40 minutes from Fort Smith, AR, surrounded by growing towns. It has full city utilities (water, sewer, electric) and strong cash-flow potential with several near rent-ready units and open spaces for future homes.

Vacant homes will need utility reconnections and light maintenance after sitting for about a year. Once complete, they ll be ready to rent.

Current Income

3 units rented: 2 at $800/mo, 1 at $600/mo

Total: $2,200/mo ($26,400/yr)

Tenants pay all utilities

Expenses

Taxes: $368/yr

Insurance: $1,400/yr

Value-Add Potential

4 homes near rent-ready, need utility reconnections and minor work

Projected income after: $67,200/yr

10 vacant pads available for new homes

Full occupancy potential: $96,000/yr

Strong area rental demand

Reason for Sale

Owner focusing on new business in Dallas area.

Highlights

17 total spaces

City utilities

Tenants pay all utilities

Low owner expenses

3 rented, 4 nearly ready, 10 vacant pads

$2,800 glass repair quote in hand

Excellent upside

40 minutes to Fort Smith, AR
MORTGAGE CALCULATOR

Features

  • Age: 41-50 Years Old
  • Architecture Style: Other
  • Legal Description: POTEAU K C S ADD 2 BLK 1 LOT 11 B1728 P649 B1832 P973.
  • MLSID: 1085149

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320 Bluff AVE, Poteau, OK 74953
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