Affordable Housing Investment with Strong Upside & Metro Proximity Harrah Mobile & RV Park is a 44-space community consisting of 38 mobile home lots and 6 RV sites, ideally positioned just 20 minutes east of Oklahoma City and minutes from Wes Watkins Lake. Spread over nearly 10 acres, this income-producing park offers strong in-place cash flow and significant value-add potential through lease-up and rent optimization. Current occupancy is approximately 45%, with tenant-paid electric and trash services, keeping operating expenses low for the owner. The park operates on two private water wells and a lagoon sewer system, features gravel roads, and is located outside city limits — ensuring minimal zoning or permitting restrictions. Homes on-site range from the 1970s through the 1990s with several newer units. A trailing 12-month income of over $83,000 and a projected stabilized NOI of ~$156,900 at 90% occupancy yield a potential cap rate north of 20%. This is a rare opportunity to acquire a mobile home park below replacement cost (~$17K per pad) in a growing, supply-constrained market. The surrounding 5-mile area is experiencing 5.5% household growth through 2029, supported by rising demand for affordable housing alternatives. Median household income is $63,085 with an average income of $85,428 — indicating strong rent support and a stable tenant base. For investors seeking a cash-flowing asset with long-term upside and low operational complexity, Harrah MHP is a standout opportunity in the Oklahoma City metro region.