8801 SE 29th St 2,000 SF Specialty Building Offered at $12,458,537 CAD at a 7.84% Cap Rate in Midwest City, OK 73110

NEW LISTING OKC 169 site Edgewood RV Community, SELLER WILL CARRY 65% LTV, 5YR., 6% INTEREST WITH 1 YR INTEREST ONLY!! 7.84% cap. Edgewood is an almost new park since $1.6M spent from 2012-2021 to convert from a MHC to an RV Park including $617,000 to install 169 20' x 44' pads, 70% of all sewer lines replaced with Schedule 40 PVC, much of the galvanized water lines replaced with PEX and $250,000 spent on office, clubhouse and pool. 15.27 acres, full water/waste/utility hook ups, ind. metered electric pedestals, paved and lit streets and a complete amenity pkg. offering a 2,000' clubhouse/pool, bathrooms, showers and laundry facilities. 20/30/50 amp service. The community is long term residents with 95% of income derived from monthly tenants and only 1% from short term nightly/weekly. Avg occupancy was 93.6% in 2024 and 96.8% in 2025. Current rents range from daily $70, weekly $275, monthly: $550 (17%)-750 (82%). Approx. 125 legacy tenants (pre-2025) did not receive the $50/mo. rent increase that was given to all 2025 tenants which is shown as $75,000 in additional income . Park pays municipal utilities water, sewer, trash (70% of all utility cost) and electricity (30%). NO cars, boats or jets skis and no RVs older than 10 years. Edgewood is located in the east OKC (population 1,450,000) suburb of Midwest City (58,000 population). Tinker AFB, the largest single site employer in OK with 25,000 employees, lies across I-40 1/8 mile to the south. An 11 acre retail/restaurant development across the street south started in Feb. 2026.