Prime Location: Situated just off US Highway 62 and less than 5 miles from Interstate 40 and Highway 375 (Indian Nation Turnpike), this multi-family property at 13705 Coalton Road boasts a highly desirable location. With easy access to major highways, it offers convenience and accessibility for both long term and short term visitors.
Hassle-Free Management: With a top-notch management team in place, this property offers a hands-off investment opportunity. The efficient management allows the owner to be worry-free and focus on other ventures while still reaping the benefits of a well-maintained property.
Impressive Infrastructure: This property features exceptional amenities and infrastructure for residents. Each RV lot comes with full hookups, ensuring a comfortable and convenient living experience. Additionally, renters enjoy complimentary internet access, a common area with showers and bathrooms, a pool table, a laundry room, a fishing pond, a playground, a dog run, and a horseshoe pit. These amenities enhance the overall appeal of the property and attract tenants seeking a high-quality living environment.
Diverse Revenue Streams: The owner of this multi-family property has implemented various revenue streams to maximize profitability. In addition to the income generated from RV lot rentals, the property offers additional services such as propane sales, RV/boat storage, personal storage units, trailer rentals, commercial workshop rentals, and apartment and mobile home rentals. This diversified income approach ensures a steady cash flow and multiple avenues for growth.
ROI Potential: With its prime location, efficient management, impressive amenities, and diverse revenue streams, this multi-family property presents an excellent opportunity for investors seeking a high return on investment. The combination of a desirable location, hassle-free management, and multiple income streams positions this property as a lucrative investment option for those passionate about maximizing their ROI. With room for expansion, this is an exceptional opportunity to capitalize on the potential of the business.
Dive into the details with current financials available for the 2021 year and the first half of 2023, ensuring you have all the information you need to make an informed investment decision. Please refer to the due diligence folder for those documents.
Location Summary
Historical Charm: Henryetta has a rich history, and you can explore it through its historical sites and museums. The Henryetta Territorial Museum and other local historical landmarks provide insight into the town's past, including its Native American heritage, the oil boom era, and the railroad history.
Henryetta is made famous for their rich history of rodeos and hosting national events.
Small-Town Atmosphere: If you're looking for a quiet and relaxed getaway, Henryetta's small-town charm is a big draw. It's a peaceful place to unwind, and the friendly locals can make you feel welcome.
Outdoor Recreation: The town is surrounded by scenic countryside, making it a great place for outdoor activities. You can enjoy activities like fishing, camping, and boating at nearby Lake Eufaula or take a scenic drive through the rolling hills of the region.
Annual Events and Festivals: Check the local event calendar for any special festivals or events happening during your visit. Henryetta hosts various community events, parades, and fairs, providing a glimpse into the local culture and traditions. Henryetta is made famous for their rich history of rodeos and hosting national rodeo events.
Local Cuisine: While in Henryetta, be sure to sample some local cuisine. You can find classic American comfort food at restaurants and diners in the area, giving you a taste of traditional Oklahoma dishes.
Local Economy
Manufacturing: Manufacturing plays a significant role in Henryetta's economy. The town is home to several manufacturing facilities that produce a variety of goods, including machinery, metal products, and other industrial items. These businesses provide employment opportunities and contribute to the local economy.
Oil and Gas Industry: The oil and gas industry has historical importance in the Henryetta area. While the oil boom days of the past have evolved, the energy sector, including oil and natural gas production, exploration, and related services, continues to be an economic driver for the town and the surrounding region.
Agriculture: Agriculture remains an essential economic driver for Henryetta and the broader region. The farming and ranching community contributes to the local economy by producing crops such as hay, soybeans, and wheat, as well as raising livestock.
Retail and Services: Retail businesses and service providers, such as restaurants, healthcare facilities, and local shops, contribute to the local economy and provide jobs for residents. Retail trade, in particular, helps meet the daily needs of the community.
Tourism: While not a primary economic driver, tourism and hospitality can have a positive impact on Henryetta's economy. Visitors coming to explore the town's historical and cultural attractions, as well as those stopping by while traveling through the area, spend money on accommodations, dining, and other services, which can boost the local economy.
