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30965707
30965706

3200 E Reno Ave, Oklahoma City, OK 73117

KW
047580
Keith Wilson Co.
Listed by Keith Wilson Co.
$6,195,000
79 days on market
Updated 72 days ago

Skyline Mh / Rv Community

Details
Property Type Multifamily
Sub Type RV Park
Units 97
Cap Rate 6.92%
NOI $428,370
Occupancy 92%
Class A
Year Built 1977
Acreage 6.250

OKC Metro 97 site MH/RV $6,195,000 92% occupancy

Marketing description

Keith Wilson Co., as exclusive broker, presents for sale Skyline MH / RV Community, a 97-site manufactured housing and RV community located at 3200 E. Reno Avenue in Oklahoma City, Oklahoma. The property is positioned just east of Downtown OKC, two blocks from the I-40 / I-35 interchange, providing direct access to the city’s primary employment, logistics, and entertainment corridors.

Skyline consists of a balanced mix of manufactured housing and RV sites, with ownership actively executing a conversion strategy to increase the proportion of manufactured homes over time. The community currently operates at approximately 92% occupancy and benefits from stable workforce demand driven by proximity to Downtown Oklahoma City, Tinker Air Force Base, and the broader urban core. Site rents remain below replacement cost levels, offering clear runway for continued rent growth through both mark-to-market increases and unit mix optimization.

The property features wide asphalt streets, concrete parking pads, metal perimeter fencing, and onsite maintenance facilities, reflecting strong physical fundamentals and efficient long-term operations. Utilities include municipal sewer, on-site wells with a city water connection agreement in place, and landlord-controlled electricity on RV sites, further supporting predictable cash flow.

Skyline MH / RV Community represents an opportunity to acquire a downtown-adjacent, cashflowing manufactured housing asset in one of the most landlord-friendly and supply-constrained housing markets in the region, with multiple levers for income growth and long-term value creation.

Oklahoma City is a high-conviction investment market defined by affordability, population growth, and sustained public-private reinvestment. Over the past decade, MAPS initiatives and billions in civic, institutional, and philanthropic capital have accelerated downtown revitalization, transforming the urban core through projects such as Scissortail Park, the Oklahoma City Convention Center, and the continued redevelopment of Bricktown, Midtown, and Automobile Alley. These investments have materially strengthened downtown connectivity, walkability, and long-term demand drivers, particularly in the downtown Oklahoma City area.

The downtown and near-east submarkets benefit from proximity to major employment centers, entertainment venues, and infrastructure, including the Paycom Center, Civic Center Music Hall, First Americans Museum, and the I-35/I-40 corridor.

Supported by a diversified employment base spanning energy, aerospace and defense, healthcare, logistics, and advanced manufacturing, Oklahoma City maintains stable workforce demographics and consistent renter demand. A cost of living well below national averages continues to attract both residents and employers, reinforcing absorption within the affordable and attainable housing segments.

Oklahoma City’s pro-business regulatory environment, landlord-friendly statutes, and low operating costs support durable cash flow and attractive risk-adjusted returns. Continued reinvestment by major civic and philanthropic stakeholders signals long-term confidence in the downtown core and supports sustained property value appreciation.

In summary, Oklahoma City’s downtown-adjacent submarkets offer a rare combination of affordability, infrastructure-led growth, and institutional-grade fundamentals, positioning assets along the urban core, right where Skyline MH/RV is located, for reliable cash flow and long-term upside.

Investment highlights

  • No. of Sites : 97
  • Occupancy : 92%
  • TOH/POH : 81 sites – tenant owned MH/RV 16 sites – park owned homes – 4 LTOs, 8 rentals, 4 abandoned
  • Site Rents : MH: 50 sites – $501/month avg. RV: 47 sites – $527/month avg.
  • Age : 1977
  • Utilities : Water – 2 wells, park provides. The park has an agreement with the city to connect to city water. Park installed a new hydrant at the front and in the rear of the community. The well draws from the same aquifer as city water.
  • Municipal Sewer – park provides
  • Electricity – direct billed to tenants or billed back by the community
  • Trash – billed back
  • Land Area : 6.25 acres with metal perimeter fencing
  • Streets : Excellent wide asphalt streets/curbs/speed stops/concrete parking pads
  • Office : Cinderblock with wellhouse and maintenance-garage door
  • Location : 2 blocks east of the I-40/I-35 interchange, 5 miles E. of downtown OKC. 3 miles NW of Tinker AFB (25K employees).
  • 97 Sites | 6.92% Cap | 90% Owner Occupied/Tenant

Listing Contacts

KW
047580
Keith Wilson Co.
Listed by Keith Wilson Co.

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$428,370.00
$35,697.50/mo

Valuation Metrics

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DSCR
6.91%
Cap Rate
6.91%
ROI

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