Skyline Mh / Rv Community
OKC Metro 97 site MH/RV $5,900,000 7.4% cap Seller carry $1M 92% occupancy
Marketing description
Skyline MH / RV Community at 3200 E. Reno, Oklahoma City, OK 73117, offers investors a rare opportunity to acquire a $5,900,000, 7.4% cap, 97-site manufactured housing and RV community just east of Downtown OKC. Positioned only two blocks from the I-40/I-35 interchange and minutes from Tinker Air Force Base, the property benefits from strong workforce housing demand and exceptional regional connectivity. Currently operating at approximately 92% occupancy, Skyline features a balanced mix of MH and RV sites with 90% owner-occupied/tenant-owned residency, supporting stable cash flow and reduced turnover risk. The community includes wide asphalt streets, concrete parking pads, metal perimeter fencing, and on-site maintenance facilities, providing strong physical infrastructure for long-term operations. Average site rents remain below replacement cost, creating clear upside through continued rent growth and strategic conversion toward additional manufactured home sites. Offered at $5,900,000, the asset presents an attractive in-place 7.4% cap rate with additional value-add potential. Seller financing enhances the opportunity, with the seller willing to carry a $1 million second for three years. Skyline is a cash-flowing, downtown-adjacent asset in one of Oklahoma City’s most compelling affordable housing submarkets.
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 | 7.4% Cap | 90% Owner Occupied/Tenant/Seller carry $1M 2nd note
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