EL DORADO MOBILE HOME PARK 9630 Highway 41, Lemoore, CA. Manufactured Housing Community For Sale 4X6 PICTURE

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EL DORADO MOBILE HOME PARK 9630 Highway 41, Lemoore, CA Manufactured Housing Community For Sale 4X6 PICTURE $2,950,000 Sales Price 108 Sites + 37 Rental Mobile Homes Pool, Playground, Soccer Field,

1 EL DORADO MOBILE HOME PARK 9630 Highway 41, Lemoore, CA Manufactured Housing Community For Sale 4X6 PICTURE $2,950,000 Sales Price 108 Sites + 37 Rental Mobile Homes Pool, Playground, Soccer Field, Mgr Apt Low Rents, No Rent Control 20 Acres with 7 Vacant Acres 10% Cap Rate, 15% Cash Flow For Further Information Contact: John Grant Park Brokerage Inc Petenwell Road, San Diego, CA (858) , john.grant@earthlink.net Information contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it.

4 Park Brokerage Inc. MANUFACTURED HOUSING COMMUNITY El Dorado Mobile Home Park 108 Sites + 37 Park Owned Rental Homes Price $2,950,000 Down Payment (30%) $885,000 Address/City 9630 Highway 41, Lemoore Est. Vac. & Expense % See Actuals and Proforma Attached Capitalization Rate 10.1%% County Kings Age 1963 Est. Spendable Return 15.5% State California Loan Buyer to obtain new 1 st Total Return 19.6% Parcel Size Acres No. Spaces 108 Water Well Sewer Onsite Plant Listing Salesman John Grant (858) Price per Site: $27,315 DESCRIPTION AND TENANT INFORMATION: CASH FLOW! Opportunity to purchase all ages, 108 sites manufactured housing community located in the unincorporated area of Lemoore. Lemoore is a fast growing town with a population of over 25,000 and is near Fresno and Visalia. Lemoore s major employment is the Lemoore Naval Air Station, with over 6,000 employees, agriculture, dairy, Indian gaming, and a new community college. Site rents are $397 plus $11.50 sewer and $30.00 trash and submetered gas, electric, and water. 37 park owned mobile homes are included in the purchase with 11 sold under rent to own contracts. The mobile homes rent for $490-$647 per month plus utilities. The community has mostly singlewide homes with some doublewides and a few RV s. There is no rent control in the County of Kings. The property is located on acres with approximately 7 vacant acres. Amenities include a pool, playground, basketball court, soccer field, and laundry. There is a main building that houses the park office, bathrooms and showers, and a large manager two bedroom apartment. The park has a new water well and a renovated sewage treatment plant with newer holding ponds. Storage would be a good use for the vacant 7 acres. TOTAL ESTIMATED NET INCOME BEFORE DEBT SERVICE $296,549 LOAN INFORMATION TOTAL ANNUAL PRIN. $159,658 & INTEREST PAYMENT Buyer to obtain new 1 st trust deed. Broker anticipates a 70% loan to value or $2,065,000 at a 6% interest rate amortized over 25 years, monthly payment $13, EST. ANNUAL PRE-TAX $136,891 CASH FLOW (SPENDABLE) PLUS PRINCIPAL REDUCTION $36,756 YEAR ONE TOTAL RETURN $173,647

5 EL DORADO MOBILE HOME PARK ACTUAL Year End 2010 ACTUAL Year End 2011 ACTUAL Year End 2012 Broker Proforma REVENUES Deposit 10,752 7,500 3,533 3,533 Electricity 54,524 54,881 58,804 58,804 Gas 38,683 36,482 40,503 40,503 Laundry 2,196 5,470 3,455 3,455 Sewer and Trash 46,262 39,403 45,348 45,348 Space Rent 518, , , ,060 TOTAL REVENUES 671, , , ,703 EXPENSES Ads Bad Debt 2,208 1, Bank Charges Auto 5,812 7,976 8,699 6,000 Commissions 2,500 3,500 4,000 0 Entertainment Garbage 13,065 14,636 14,220 14,220 Insurance 12,689 16,301 15,718 15,718 Legal & Professional 14,498 20,141 22,877 10,000 Licenses & Permits 9,427 10,497 12,784 12,784 MH Insurance 2,960 2,669 2,280 2,280 MH Outside Services ,429 0 MH Repairs 15,857 21,198 17,189 17,189 MH Supplies 19,952 14,573 3,619 3,619 Office 1,120 1, Outside Services 48,894 60,230 38,539 38,539 Postage Promotions 5,092 5,577 5,642 0 Refund Deposit 3,500 1, Repairs 9,183 51,171 15,735 15,735 Supplies 24,765 52,765 45,991 25,000 Taxes-Employees Shar 14,961 17,569 17,941 17,941 Supplies. f Taxes-Employers Share 5,890 7,052 7,730 7,730 Taxes-Property 10,990 11,296 11,242 29,000 Telephone 7,165 1,169 1,177 1,177 Travel & Entertainment Utilities-Electric 74,613 73,985 82,368 82,368 Utilities-Gas 28,099 34,930 28,506 28,506 Wages 59,049 64,564 70,534 70,534 TOTAL EXPENSES 393, , , ,154 Most of Legal & Professional last few years was getting mobile homes titled, back taxes and escrow. Capex for mobile homes like siding, steps, carpet, Capex projects in 2012 expensed to New Taxes per Prop. 13 Very high 57% operating expenses to gross income NET INCOME 277, , , ,549 Estimated 12 months net income going Broker Proforma is an estimate and used only as an example. The Seller and Broker do not guarantee it and Buyer to make independent investigation and evaluation of the potential revenue, expenses, and occupancy streams for the property.

LAMPLIGHTER MOBILE HOME PARK 3431 N. Flowing Wells Road, Tucson, AZ 4X6 PICTURE

LAMPLIGHTER MOBILE HOME PARK 3431 N. Flowing Wells Road, Tucson, AZ 4X6 PICTURE 3431 N. Flowing Wells Road, Tucson, AZ Manuf act ur ed Housi ng Co mmunity For Sale 4X6 PICTURE $1,700,000 Sales Price 67 Sites, Pool, Rec Room and Office New Gas + Water Systems, New Asphalt Streets No