697 Country Club RD new Save Request In-Person Tour Request Virtual Tour
Cadiz,OH 43907
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5159752
HOA Y/N No
Year Built 1900
Annual Tax Amount $13,485
Tax Year 2024
Lot Size 4.800 Acres
Acres 4.8
Property Sub-Type Apartment
Property Description
Rental Portfolio Opportunity!! This Cadiz Portfolio presents a great cash flow opportunity with multiple income-producing assets in one package. The property includes a well-maintained trailer court with 35 homes, a 4-unit apartment building, and a 2-unit duplex. The trailer court sits across the Cadiz Country Club at 697 Country Club Road. It is fully equipped for efficient operations, with the owner paying only for garbage service. All trailers are owned by the park, each featuring individual meters, plastic utility lines, and shut-off valves for ease of maintenance. A recently paved main roadway and a three-bay garage add to the long-term value and functionality of the park.
The additional multi-family units provide steady rental income with numerous recent updates that reduce ongoing maintenance costs. The duplex located at 438-440 Lower Lincoln and is equipped with a newer roof, furnace, and hot water tank. The four-unit is located at 202 S Buffalo St and is an apartment building that has undergone significant improvements, including newer siding, roof, windows, hot water tanks, electric boxes, and the owner covers all utilities. Together, this portfolio offers a diversified and stable stream of income with upside potential with numerous rental increases in 2025 in a stable Cadiz rental market. The owner will consider financing for the right offer.
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Location
State OH
County Harrison
Interior
Heating Forced Air,Gas
Fireplace No
Exterior
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Schools
School District Harrison Hills Csd - 3402
Others
Tax ID 05-0000467-000
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange