Morning View RV Park
404 Dobbs Ln | Stillwater, OK 74075-8737, US
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The MHP Value Team at EXP Commercial is pleased to offer for sale Morning View RV Park, a 22-site RV community located in Stillwater, Oklahoma. The property is currently averaging 90% occupancy, with all tenants currently being monthly. Current rental rates are $39/day, $154/week, and $399/month, with total yearly revenue being $94k+. Monthly site rents are approximately $50 below market. All 22 sites are full hookup, consisting of 11 thirty-amp sites and 11 fifty-amp sites. The park is served by city water and a septic system, with nearly half of the community developed in the past three years including a new three-tank cascade aerobic system. A new owner has a clear path to increasing returns with minimal effort by raising monthly rents to market levels and implementing a utility bill-back program. Additional upside exists through converting the on-site storage building into an income-producing unit and expanding the park with 6–8 additional sites. Morning View RV Park offers an excellent location just minutes from Oklahoma State University, downtown Stillwater, the Payne County Expo Center, and the retail corridor along Perkins Road. The property also benefits from close proximity to both Oklahoma City and Tulsa, making it a highly attractive and accessible community for long-term and transient tenants alike.
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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.