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Skyline MH/RV Community 3200 E Reno Ave 97 Unit Mobile Home Park $5,900,000 ($60,825/Unit) 7.40% Cap Rate Oklahoma City, OK 73117
Investment Highlights
- 90% TOH RENTS-SITE PARK!
- IN THE HEART OF OKC JUST EAST OF DOWNTOWN
- 92% OCCUPANCY
- PRIE REDUCED TO $5,900,000 7.4% CAP RATE NOW
- 1 BLOCK FROM I-35/I-40 INTERCHANGE
- LANDLORD FRIENDLY MUNICIPALITY
Executive Summary
OKC KEITH WILSON CO. LISTING: JUNE 2026 $300K PRICE REDUCTION!! 97 site Skyline MH/RV park, in the heart of OKC, 92% occupancy (historical), $5,900,000 , 7.4% cap, 57 MH-avg. $507-563/mo. and 42 RV -avg. $536/mo., 90% site/TOHs so its a SITE PARK!!!! Excellent wide asphalt streets with curbs and concrete parking pads. No cap ex neded. Sale includes 13 POHs valued at $360,000 includes 6 LTOS with $130k balances. 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 1 block 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 - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$665,087
|
$2.45
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$665,087
|
$2.45
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$228,336
|
$0.84
|
| Net Operating Income |
$436,751
|
$1.61
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $665,087 |
| Annual Per SF | $2.45 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $665,087 |
| Annual Per SF | $2.45 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $228,336 |
| Annual Per SF | $0.84 |
| Net Operating Income | |
|---|---|
| Annual | $436,751 |
| Annual Per SF | $1.61 |
Property Facts
| Price | $5,900,000 | Building Class | C |
| Price Per Unit | $60,825 | Lot Size | 6.23 AC |
| Sale Type | Investment | Building Size | 271,379 SF |
| Cap Rate | 7.40% | Average Occupancy | 92% |
| Gross Rent Multiplier | 8.8 | 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 | $5,900,000 |
| Price Per Unit | $60,825 |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| Gross Rent Multiplier | 8.8 |
| 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 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 157406125 | Improvements Assessment | $206,474 (2025) |
| Land Assessment | $63,938 (2025) | Total Assessment | $270,412 (2025) |
Property Taxes
Parcel Number
157406125
Land Assessment
$63,938 (2025)
Improvements Assessment
$206,474 (2025)
Total Assessment
$270,412 (2025)
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Skyline MH/RV Community | 3200 E Reno Ave