697 Country Club RoadCadiz, OH 43907

Commercial - Business MLS 5159752 Sold
Closed 655000
  • 697 Country Club Road, Cadiz, OH 43907 Photo 1
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Listed By

Agency Name: Cedar One Realty
Agency Phone: 740-264-7131

Shown By

Agent Name: Jerri Furniss
Agent Phone: Cell: (614) 937-4427
Agency Title: Cutler Real Estate

Contact Jerri Furniss About This Property

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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. Call call for a tour now!!

Property Features

Property Type: Commercial - Business
Days on Market: 66
Heating: Forced Air, Gas
Lot Size: 4.80 Acres
Taxes: $13,485 / year
Year Built: 1900

Feature Descriptions

Parcel#: 05-0000467-000
Sewer: Public Sewer
Water: Public

Local Schools

School District: Harrison Hills City

Demographics

Harrison County Demographic Information for
Fips
Fips Code 39067
Population
2020 to 2023 Change down 2.2%
2010 Count 15,864
2020 Count 14,483
2023 Estimate (V2023) 14,159
2020 Estimate (V2023) 14,485
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 21.0%
18 to 64 53.3%
65 and Older 20.4%
Gender
Male 49.5%
Female 50.5%
Place of Birth
Foreign 0.6%
US 99.4%
Education
High School Graduate, Age 25+ 88.2%
Bachelor's Degree or Higher, Age 25+ 11.7%
Computer and Internet use
Households with a computer 83.8%
Households with a broadband Internet subscription 79.4%
Language
English is Second Language, Age 5+ 3.6%
English is First Language, Age 5+ 96.4%
Veterans
Veterans 887
Income
Per Capita Income $30,163
Median Household Income $54,056
People in Poverty 13.9%
Commute
Average Work Commute Time 30 minutes
Housing
Total Housing Units 8,092
Households 5,799
Average Household Size 2.46
Owner-Occupied 77.8%
Multi-Family 4.8%
Owner-Occupied Median Value $112,500
Median selected monthly owner costs -with a mortgage $1,014
Median selected monthly owner costs -without a mortgage $429
Median gross rent $682
Building Permits
New Private Housing Issued 2023 0
Years at Residence
1 Year or More 94.6%
Less Than 1 Year 5.4%
Business and Employment
Private non-farm Establishments 258
Private non-farm Employment 2,784
Private non-farm Employment Growth down 6.1%
Nonemployer Establishments 932
Number of Firms 891
Business Production
Value of Shipments $72,422,000
Wholesale Trade $0
Retail Trade $87,123,000
Retail Sales Per Capita $0
Accommodation and Food Services $8,982,000
Land
Land Area 402.34 sq. miles
Population Per Square Mile 40

Source: US Census Bureau

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