Copper Cove MHP
1123 E 8th Ave | Stillwater, OK 74074-4903, US
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Stillwater MHP, a 13-site mobile home community located in Stillwater, Oklahoma. The community is stabilized with 12 occupied Park-Owned Homes currently renting at an average of $434/month, which is severely below market. With local lot rents trending $400+/month and comparable POH rents achieving $750/month, the existing rents are more than $300/month under market, creating a rare opportunity for immediate upside. Stillwater MHP is served by city water and sewer on a single master meter, which presents additional value through submetering and billing back utilities. The property also features one vacant lot with infrastructure in place that can be infilled to increase occupancy. The current out-of-state ownership has been focused on selling off smaller assets, leaving a well-located and stable community available for acquisition. With minimal heavy CapEx required, a new investor can step in and unlock significant value through modest management improvements and market rent adjustments. Located in Stillwater—part of the Oklahoma City metro area and conveniently positioned between Oklahoma City and Tulsa—this property provides strong long-term growth potential in a desirable central Oklahoma market.
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Located in north-central Oklahoma, Stillwater is a dynamic college town and regional hub known for its blend of small-town character and big-city access. Home to Oklahoma State University, Stillwater boasts a vibrant community with strong educational, cultural, and athletic traditions. The city offers a high quality of life while being conveniently positioned between Oklahoma City and Tulsa, two of the state’s largest metro areas, making it an attractive place for families, students, and professionals alike. Stillwater and the surrounding region benefit from diverse employment drivers, including higher education, healthcare, energy, aerospace, and agriculture. Major employers such as Oklahoma State University, Stillwater Medical Center, Armstrong World Industries, and a growing base of manufacturing and service companies support the local economy. These industries bring steady employment but also highlight a challenge — a shortage of affordable rental housing options. Many workers, students, and young families struggle to find reasonably priced homes, underscoring the need for investment in quality, affordable housing. Investing in mobile home parks in Stillwater presents a prime opportunity to meet this demand. The combination of stable employment, proximity to two major metro areas, and ongoing population and workforce needs creates long-term potential for strong occupancy and rent growth. By providing accessible, comfortable housing, investors can support the local workforce while benefiting from the city’s unique position as a growing regional hub for affordable housing demand.