Jennifer Stein Real Estate, Inc and out of state cooperating broker NMHC Group of KW Commercial are pleased to present Fairview Estates Mobile Home Park located in Talala, Oklahoma. Fairview Estates is a 61-site mobile home community featuring 35 tenant-owned home sites at a current lot rent of $250 per month and 26 park-owned homes with monthly rents ranging from $420 to $1,100. The property spans approximately 45 acres and operates on public water and a lagoon wastewater system. The lagoon has proven to be both low-maintenance and cost-effective, with no reported issues under current ownership. The park-owned homes primarily date from the late 1990s and include a mix of two-bedroom/one-bathroom and three-bedroom/two-bathroom units. Property taxes are notably low at just $1,878 annually. Ideally situated near both Tulsa and the recreational destination of Oologah Lake, Fairview Estates presents a compelling investment opportunity. Current lot rents at $250 per month are significantly below market averages, especially when compared to one-bedroom apartment rentals in nearby Claremore ($982/month) and Owasso ($850/month). This rent disparity suggests that an increase to $350–$400 per month would bring rates in line with local market conditions while remaining attractive to tenants. The property has also been platted for 60 additional mobile home sites, offering considerable potential for future expansion and increased revenue. A strategic path forward could involve selling the existing park-owned inventory and transitioning the community to a fully tenant-owned model, stabilizing income and reducing operational responsibilities. Additionally, there is further upside in implementing utility bill-backs for water and trash services, as current residents are only responsible for their electric usage. As always, this is a confidential sale. Please do not go to the community without setting up a showing appointment with the listing agents. If on site, do not under any circumstances speak with any tenants or employees. Please contact us for additional information.
