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Four-Community Manufactured Housing Portfolio
For Sale
Contact for pricing
Pending

1409 Mustang Dr, Defiance, OH 43512

Four manufactured housing communities offer 185 sites, paved streets, off-street parking, and on-site management.

Property SizeContact for details
Days on Market131

Property Features for 1409 Mustang Dr

General Information

Standard status Pending
Property subtype Mobile Home Park

Financials

Asking Price $1,000,000
Cap Rate 8.1%

Additional Details

Utilities to Site Yes
Listing Agency: Colliers - Columbus, Ohio
Listed By: Russel Williamson · License #OH SAL.2015002033
Source: Crexi
Added: Apr 23 Changed: Aug 30 Last Checked: Aug 30 at 7:14PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Columbus, Ohio

Investment Insights

Based on property information with market context.

This portfolio includes four manufactured housing communities with 185 total sites and 38 community-owned homes. Eighty-five sites are occupied. Each community has paved asphalt streets and off-street parking, while an on-site manager oversees daily operations across the portfolio. Seventeen vacant homes provide a defined renovation and leasing opportunity.

The properties are situated within a 20-mile radius near Defiance, Bryan, Edgerton, and Cecil, Ohio. The communities are approximately an hour from both the Toledo and Fort Wayne MSAs. Three properties bill residents for water and sewer usage, and electric service is direct billed. Nearby mobile home dealerships provide access to new and used homes for future site development.

Key Highlights

  • Four manufactured home communities within a 20‑mile radius
  • 185 total sites, including 85 occupied sites
  • 38 community‑owned homes included in the portfolio

Property Analytics

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store HVAC Service Law Firm Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

241
Businesses Nearby

Demographics for 43512, OH

28,208
Population
12,665
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
93%
High-School Grad
217.7 sq mi
ZIP Area
130
Density / Sq Mi
$72,082
Median Household Income
$42,014
Median Earnings
$851
Median Rent
$149,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mobile home & RV park - Four manufactured housing communities offer 185 sites, paved streets, off-street parking, and on-site management.
Where is this mobile home & rv park located?
The property is located at 1409 Mustang Dr Defiance, OH.
What are key features of this property?
This property features: Four manufactured home communities within a 20‑mile radius; 185 total sites, including 85 occupied sites; 38 community‑owned homes included in the portfolio
More about this property
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