914 Franklin, Colbert, Oklahoma

Description

Amazing Investment Opportunity: Mobile Home Park in Colbert, OK (8 miles north of Denison and 10 miles south of Durant)

Discover an incredible investment in the quiet and delightful town of Colbert, OK, just 10 miles South of Durant and 8 miles North of Denison! There is massive room for growth and expansion on this property. Rents have not been raised in years. Roughly ¼ of the land has not been developed out, and there are currently 19 unused sites.

Key Info:

-There are 23 income-producing units. The average mobile home rent is

$790, and the average lot rent is $275. This is way under market value,

and these prices have not gone up in a long time.

-This park is unique because every unit has its own electrical and water

meter. There are also 18 unused meter bases.

-There is a large storage facility with 13 spaces that could be turned into

income-producing units and 10 storage containers that can be used for

storage rent.

Features of the Park:

-Quiet Community

-Backyard on some properties

-Surrounded by neighborhoods and local businesses

-Located close to attractions such as Choctaw Casino, Lake Texoma,

and The Durant Downtown Historic District

Located in Bryan County, Colbert lies on State Highway 91 near its intersection with U.S. Highway 69/75, making for convenient access to nearby cities.

Send me a message for more information if you are interested in this valuable investment opportunity.

Directions: North of Colbert on N Franklin Rd