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Great investment opportunity: Priced for a solid 8% cap rate based on historical and projected net income. Tiny Town Ok Cabins and RV Park. This property is 4.5 acres with 341' of US Highway 259 frontage, 18 tiny cabin rentals (RV park models) of various size and layout (with a 19th available for purchase), 21 full hook-up RV spaces of various size, laundry facility with 3 sets of commercial washers and dryers, and 3 more sets of commercial token washers and dryers, token machine, bathhouse with 3 full baths with showers, vending machine, swing set, and storage shed. This property has a solid historical record of success that services the STR market. The park was built in 2016 and has steadily expanded with many additions only 1 year old. There is room for growth with cabins on-site, currently not generating income yet.

Listing ID998624
Sold For$4,800,000
StatusClosed
Sold Date8/03/2022
Acres 4.500
CountyMcCurtain
Year Built2016
Property TypeCommercial Sale
Property Sub TypeInvestment

Contact - Listing ID 998624

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Salt Real Estate
Address: 1508 W. Edmond Rd.
Edmond, OK 73003
United States
Phone: 405-839-7070
Phone Alt: 405-974-9991

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