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$ 259,900
Est. payment /mo
Pending
320 Bluff AVE Poteau, OK 74953
2,550 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 2,550 sqft
Price per Sqft $101
MLS Listing ID 1085149
HOA Y/N No
Year Built 1981
Lot Size 2.760 Acres
Acres 2.76
Property Sub-Type Other
Property Description
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
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
Location
State OK
County Leflore
Interior
Fireplace No
Building
Lot Description City Lot
Others
Tax ID Q180-00-001-000-0-011-00
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/320-Bluff-Avenue-Poteau-OK-74953/unbranded
Listed by Keller Williams Platinum Realty
