Shady Knolls MHP

Property Description

Property Overview

Total Units: 36 MH pads + 3 apartments
Occupied Lots: 16 MHs occupied
Apartments Rented (Fully Occupied):
Apt 1: 2-bed – $750/month ($9,000/year)
Apt 2: 1-bed – $515/month ($6,180/year)
Apt 3: 2-bed – $670/month ($8,040/year)
Abandoned Homes: 5 TOHs slated for removal or allotment
Water: Private Well
Sewer: Onsite WWTP

Financial Highlights

Lot Rent: $344/month
Water & Sewer billed separately
Last increase: +$20 (May 2025 planned)
2024 Rent Income: $88,263 (MH lot rent only)
Apartment Income (Annual): $23,220
Total Rental Income (Est. 2024): $111,483

Operating Expenses

Insurance: $7,247
Legal: $175
Repairs: $48,905
Taxes: $9,251
Utilities: $22,716
Office Admin: $13,942
Licenses: $701
Total Expenses: $102,937

CapEx & Infrastructure

Roads: In good condition
No major capital improvements in past 3 years

Investment Highlights

Positioned in the growing Canton, OH market, Shady Knolls MHP offers a mix of cash flow and long-term upside. With 36 MHP spaces and 3 additional apartments, all tenant-owned, the park provides a lower-maintenance ownership structure. With solid infrastructure, modest rent, and no major CapEx in recent years, this is an ideal value-add opportunity for investors looking for affordable entry into an established Ohio MSA.

Listed By

Nick VanDer Sluis

Director, MHC

nick@mhpbrokerage.com

(303) 854-6969

(303) 335-6398

Ryan Bruns

Investment Advisor, MHP

ryan@mhpbrokerage.com

(712) 330-2196

(515) 461-1496