2/28/2023 0 Comments Rent n roll mobile al![]() ![]() ![]() The price in the Tri City/Council Road sale represents an insatiable investor interest." "That is just site rent, not the cost for the mobile home. Site rents in the better parks in Oklahoma City and Tulsa "are fast approaching $500 a month," Wilson said. What's driving it is the same thing driving demand for site-built, single-family homes: historically low mortgage interest rates, and the same thing that drives demand for any income-producing property: a satisfying rate of return. "There are quite a few institutional multibillion-dollar portfolios (Warren Buffett, Sam Zell), and investors can be from all 50 states and Canada." "The manufactured housing asset class has always flown under the radar and many are unaware of the demand all across the U.S.," he said Friday. I didn't, and my affinity for trailer-mobile-manufactured homes goes way back. There is tremendous buyer appetite for this type of product." "Tri City and Council Road represent two quality parks with quality locations in the OKC metro area. ![]()
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