Contact Information
Rick Hovanec
Mobile Home Park Details
- Price: $599,900
- Cap Rate: 4.2% (Actual)
- Listing ID: 6970562
- Posted On: Aug 27, 2025
- Updated On: Aug 27, 2025
Description
Cadiz, OH – 16-Pad Mobile Home Park Investment Opportunity
Undervalued mobile home park located in Cadiz, Ohio with strong upside potential. The property consists of 16 total pads, with 11 currently rented, providing steady income with immediate room for growth by filling the remaining vacancies.
Additional features include a garage with a brand-new roof, perfect for storage or additional income potential. With below-market rents and underutilized capacity, this park presents an excellent value-add opportunity for investors looking to increase cash flow and property value.
Affordable housing demand in the area remains strong, making this a prime opportunity to reposition an underperforming asset into a consistent income producer.
Location
Located centrally between Columbus, Ohio and Pittsburgh, Pennsylvania.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 16 |
| Total Occupancy: | 70.0 % |
| Year Built: | 1977 |
| Average MH Lot Rent: | $315 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $41,400 |
| Operating Expense: | $16,180 |
| Net Operating Income: | $25,220 |
| Expense Ratio: | 39.1 % |
Lot Information
| Singlewide Lots: | 16 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
