Queen City dba Elk Landing Estates
Elk City, OK
Asking price
$995,000
Sites
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Cap rate
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Price / site
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About this property
Exceptional Value-Add Opportunity – 115-Site Mobile Home Community in Elk City, Oklahoma Investor Highlights 115 manufactured home pads Offered at less than $10,000 per pad Over 20 acres of land Approximately 5-acre development parcel within the community City water and city sewer Individually metered electric and natural gas Excellent value-add and reposition opportunity Expansion potential for additional home sites, RV sites, or self-storage (subject to approvals) Located in the regional commercial and healthcare hub of Western Oklahoma Strong demand for affordable housing Ideal for both short-term repositioning and long-term investment Queen City MHP, doing business as Elk Landing Estates, presents a rare opportunity to acquire a 115-pad manufactured housing community in the heart of Elk City, Oklahoma—one of western Oklahoma's strongest regional markets for affordable housing. Offered at less than $10,000 per pad, this property provides investors with tremendous upside through occupancy growth, operational improvements, redevelopment, and long-term appreciation. Situated on just over 20 acres, the community is served by city water and city sewer, with individually metered electric and natural gas at each lot, minimizing utility expense and simplifying operations. One of the property's most compelling features is an approximately 5-acre parcel located in the center of the community, creating exceptional flexibility for future development. Investors may choose to expand the community with additional manufactured home sites, develop RV spaces, construct self-storage facilities to serve both park residents and the surrounding neighborhoods, or pursue other complementary uses, subject to local approvals. Elk City is much more than a town of approximately 11,000 residents. It serves as the regional retail, medical, employment, and commercial center for much of western Oklahoma and the eastern Texas Panhandle, drawing consumers, workers, and businesses from a multi-county trade area. Major employers include the energy, healthcare, transportation, agriculture, manufacturing, and construction industries, all of which continue to support demand for quality workforce housing. Historically, Elk City has recognized the importance of manufactured housing in meeting the area's affordable housing needs and has generally maintained a favorable environment for well-managed manufactured home communities. Whether you're seeking an immediate value-add project or a long-term asset with significant appreciation potential, Elk Landing Estates offers an exceptional combination of affordable acquisition cost, existing infrastructure, expansion opportunities, and multiple paths to increasing value. Communities of this size, at this price point, with city utilities, expansion acreage, and substantial upside are becoming increasingly difficult to find. Park map, recent survey, tax record, 2025 Profit & Loss and recent clean Phase 1 attached.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $995,000 |
|---|---|
| First seen by UnitListed | Sep 6, 2026 |
| Source page last checked | Oct 24, 2026 |
Before you call the broker
8 things are not disclosed on this listing. These are the questions that would close the gap — specific to a park, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Site count and hookup mix — not disclosed
How many sites are there, and how many are full-hookup, partial or tent?
Full-hookup sites earn a multiple of what a tent site does. The count alone does not tell you the income.
Operating season and seasonal mix — not disclosed
Is this year-round or seasonal, and what is the split between seasonal, monthly and transient guests?
A seasonal park with a five-month window is a different business from a year-round one at the same annual revenue.
Utility infrastructure — not disclosed
Are water, sewer and electric municipal or private, and what condition is the infrastructure in?
A private septic or well at end of life is a capital item that can exceed a year of NOI, and it will not appear in the expenses.
Permits and non-conforming use — not disclosed
Is the current site count permitted, and is any of it legal non-conforming?
A park operating more sites than it is permitted for cannot be financed at the income it shows.
Asking price — disclosed
Currency of the asking price — disclosed
Whether the land is included — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 6, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Sep 6, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
