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Skyline MH/RV Community 3200 E Reno Ave 97 Unit Mobile Home Park $6,195,000 ($63,866/Unit) 6.92% Cap Rate Oklahoma City, OK 73117
Investment Highlights
- 90% TOH RENTS
- IN THE HEART OF OKC JUST EAST OF DOWNTOWN
- 92% OCCUPANCY
- 6.92% CAP RATE
- 1 BLOCK FROM I-35/I-40 INTERCHANGE
- LANDLORD FRIENDLY MUNICIPALITY
Executive Summary
NEW OKC KEITH WILSON CO. MARCH 2026 LISTING: 97 site Skyline MH/RV park, in the heart of OKC, 92% occupancy (historical), $6,195,000, 6.92% cap, $501-MH and $527-RV avg. rents, 90% site/TOHs. Excellent wide asphalt streets with curbs and concrete parking pads. Sale includes 16 POHs valued at $360,000. Built in 1977 on 6.25 acres. The park provides municipal sewer. Water is also provided by the park on 2 wells. Trash and electricity is billed back to the tenants. The park is positioned just east of downtown OKC, only 2 blocks from the I-35/I-40 interchange providing direct access to the citys primary employment, logistics and entertainment. OK is one of the most landlord friendly housing markets in the US.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$607,442
|
$2.24
|
| Other Income |
$26,032
|
$0.10
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$633,474
|
$2.33
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$205,104
|
$0.76
|
| Net Operating Income |
$428,370
|
$1.58
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $607,442 |
| Annual Per SF | $2.24 |
| Other Income | |
|---|---|
| Annual | $26,032 |
| Annual Per SF | $0.10 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $633,474 |
| Annual Per SF | $2.33 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $205,104 |
| Annual Per SF | $0.76 |
| Net Operating Income | |
|---|---|
| Annual | $428,370 |
| Annual Per SF | $1.58 |
Property Facts
| Price | $6,195,000 | Building Class | C |
| Price Per Unit | $63,866 | Lot Size | 6.23 AC |
| Sale Type | Investment | Building Size | 271,379 SF |
| Cap Rate | 6.92% | Average Occupancy | 92% |
| Gross Rent Multiplier | 10.19 | No. Stories | 1 |
| No. Units | 97 | Year Built | 1977 |
| Property Type | Multifamily | Parking Ratio | 0.44/1,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | C-1 - Commercial | ||
| Price | $6,195,000 |
| Price Per Unit | $63,866 |
| Sale Type | Investment |
| Cap Rate | 6.92% |
| Gross Rent Multiplier | 10.19 |
| No. Units | 97 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 6.23 AC |
| Building Size | 271,379 SF |
| Average Occupancy | 92% |
| No. Stories | 1 |
| Year Built | 1977 |
| Parking Ratio | 0.44/1,000 SF |
| Zoning | C-1 - Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 97 | - | - |
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Property Taxes
| Parcel Number | 157406125 | Improvements Assessment | $206,474 |
| Land Assessment | $63,938 | Total Assessment | $270,412 |
Property Taxes
Parcel Number
157406125
Land Assessment
$63,938
Improvements Assessment
$206,474
Total Assessment
$270,412
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Skyline MH/RV Community | 3200 E Reno Ave