Mobile Home Park in Picturesque Taos, NM

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1 Sale Price: $1,370,000 Cap Rate: 8.65% NOI: $118,500 # Units: 32 Land Size: +/ Acres Occupancy: 96.80% Features: - 32 Unit Park - Stable, Long Term Tenants - Low Maintenance Asset - Estimated Cash on Cash Return: 13.55% - Excellent Location - Desirable Taos, NM Market - Below Market Rents

2 Mobile Home Park Overview Property & Investment Summary Tenant: Property Address: Property Description: Property Size: Sale Price: Number of Slots Mobile Home Park 112 Camino de la Merced & 1018 Reed Street, Taos, NM Mobile Home Park 3.18 Acres $1,370,000/($9.92/SF) 32 Units Absolute Investment Realty is pleased to present this rare opportunity to acquire a 32 unit, fully operating mobile home park in one of the most desirable trade areas in the southwestern, US. Located in the heart of Taos, NM, this cash-flowing investment opportunity is low maintenance with a long history of stable tenants.. The property has minimal landlord responsibility, low maintenance costs and no amenities. The property also has value as a commercial site and could be redeveloped in the future: The land value alone is justified by the purchase price ($9.92/SF for 3.18 acres). As a fringe benefit, new owner can enjoy a vacation while visiting this asset: Taos is a world famous destination for tourists, artists, and celebrities and features some of the worlds best dining and sight-seeing. The buyer of this property has the opportunity to significantly increase NOI by billing back operating expenses. Access: Area Features: Visiblity: Signage: Highest and Best Use: Trade Area Description: Good multiple access points Located adjacent to Walmart. Near multiple shopping and dining options Good Excellent Mobile Home Park / Multi-Family Small Town MSA The information contained in this marketing package is believed to be reliable. While we do not doubt the accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Additionally, this package and the information contained herein is intended only for parties with a bonified interest in the lease or purchase of this property and should not be distributed otherwise.

3 Asset Details and Financial Summary Property Address: Property Type: Property Size: Unit Types: Zoning: Asset Details 112 Camino de la Merced & 1018 Reed Street, Taos, NM Mobile Home Park +/ Acres. 112 Camino de la Merced: 1.36 Acres, 1018 Reed Street: 1.82 Acres Single Wide C2 (112 Camino de la Merced), C1 (1018 Reed Street) Asset Financial Summary Sale Price: $1,370,000 NOI: $118,500 Cap Rate: 8.65% Estimated Cash on Cash Return*: 13.43% Number of Units: 32 Occupancy: 97% Access: Excellent access Via Camino de la Merced & Reed Street & Dea Lane with private drives. Visiblity: Good visibility. Visible from HWY 68 Signage: None. Potential for good signage depending on zoning restrictions Price / Unit $42,813 Land Value ($/SF) $9.89 * Calculated using market rate financing assumptions Highest and Best Use: Market Demand: Mobile Home Park, Multi-Family or Commercial Strong investor demand for low-income housing, including mobile home parks. Historically, Taos has low vacancy rates and few options for low income renters. Trade Area: The trade area consists of the town of Taos, NM and the surrounding rural areas of Northern New Meixco.

4 Property Detail Possible Additional Space Any additional spaces must be confirmed & approved by the buyer & the governing municipal authority. Possible Additional Space Possible Additional Space

5 Income and Expenses Estimated Cash on Cash Return: 13.55% B a s e d o n m a r k e t f i n a n c i n g t e r m s & c o n d i t i o n s 2 5 y e a r am, % I n t e r e s t, 2 5 % d o w n Property Data Size (Acres) # Units 112 Camino de La Merced Reed Street The property does not presently charge back for any operating expenses, which may provide the buyer with another potential source of income Estimated Income & Expenses Income Unit Units Per Unit/Mo Per Unit/Yr Total per Mo Total Per Year Mobile Home Space 32 $ $4, $12, $147, Vacancy Factor Mobile Home Space 1 $ $4, $ $4, Adjusted Gross Income 31 $ $4, $11, $143, Expenses Per Unit/Mo Per Unit/Yr Total Per Month Total Per Year Real Estate Taxes $11.72 $ $ $4, Insurance $3.13 $37.50 $ $1, Well Management $7.81 $93.75 $ $3, Sewer & Refuse $26.56 $ $ $10, Common Area Electricity $3.75 $45.00 $ $1, Property Management $12.03 $ $ $4, Total Expenses $65.00 $ $2, $24, NOI $ $3, $9, $118,500.00

6 Trade Area Map Trade Area Demographics Radius 1 Mile 3 Mile 5 Mile Population (2016 Estimate) 3,410 13,674 18,521 Avg HH Income (2016 est) $40,241 $36,039 $39,753 SITES

7 Site Close Up & Location Description Investment Highlights Low Maintenance & Overhead Desirable Location Taos, NM Priced at Land Value Stable, Long Term Tenants North Park Apartments SITE SITE Sun God s Lodge Taos Java Story Teller Cinema LOCATION DESCRIPTION The property is easily accessible in one of the most desirable areas of the town, just off Taos main drag, Paseo del Pueblo Sur (State Highway 68). The visibility from Highway 68 has excellent visibility and also makes it easy for tenants to travel to other parts of town. It is also conveniently located near all of Taos primary services and shopping, including Walmart, which is directly across the street. Its easy access is conveniently right next to private drives, and has potential for great signage, which will attract the attention of more renters. Since this property is ideal for low income boarders, some affordable restaurants such as Five Star Burgers and Pizza Hut right down the road make the area desirable. US Bank, Aaron s, NAPA Auto Parts and Story Teller Cinema are also in the area which have been local hot spots for some time.

8 Property Pictures 32 Spaces Excellent Access Large single wide lots Scenic Views Beautiful mountain views

9 Demographics Households by Income 1 Mile Population 1 Mile Housing Values 1 Mile

10 Taos, NM MSA Taos is located along the border of the world famous Rio Grande River gorge and the scenic mountains of the Carson National forest in Northern New Mexico between the Colorado border and Espanola. Taos is famous as a destination for artists, tourists, skiers, and adventure seekers. This bustling Northern New Mexico community is also home to movie stars and celebrities such as Julie Roberts. SITE Taos thrives on its tourist destinations such as Taos Pueblo, the Rio Grande River Gorge, and the world renown Taos Ski Valley. Taos Pueblo is a Unesco World Heritage site, has been occupied for nearly a millennium, and is considered to be one of the of the oldest continuously inhabited communities in the United States. Taos is the county seat of Taos county and the primary destination for goods and services for communities north of Espanola/Santa Fe, NM. In addition to high-end tourist shopping and dining, the town has major retailers such as Walmart, grocers such as Smith s and Albertsons, and all primary fast food restaurants such as Wendy s, McDonald s and Taco Bell.

11 Absolute Investment Realty Qualifying Broker Some of Alfredo s Recent Transactions Alfredo specializes in the acquisition and disposition of investment real estate and has experience in closing large industrial, office, and hospitality transactions. With over 12 years of experience in the commercial real estate industry as a developer, landlord and broker Alfredo has worked with nation s top tenants, investors and real estate investment companies. Alfredo has a passion for helping his clients meet their real estate investing goals and excels at closing complicated transactions. Alfredo has a an MS in Electrical Engineering and a BS in Computer Engineering from the University of New Mexico and is a member of CARNM and ICSC. Loma Vista Mobile Home Park Club Rio Shirk Ln MHP Portfolio Alfredo consistently achieves the Coveted Costar Power Broker award, which is only given to the top 5 brokers in the state. Who We Are Absolute Investment Realty is an investment oriented commercial real estate brokerage firm focused on helping our clients meet their commercial real estate investment goals. Our clients range from private local investors to multi-national REITs. We have closed transactions throughout the United States and have clients from around the world. No job is too small or too large for our dedicated team of professionals. We are experts on current market conditions and can advise our clients on the best pricing and buying or selling strategies. We have industry wide connections and make it a policy to work hand in hand with our peers, principals and institutions to get the deal done. We are second to none in our ability to identify, sell or lease investment quality real estate. Our Mission Absolute Investment Realty s mission is to help our clients achieve their commercial real estate goals. Our firm excels because we execute with attention to detail, exceptional financial analysis capabilities, second to none market knowledge, and the highest level of customer service. We start by understanding your needs and work closely with you develop a customized acquisition, disposition or development plan designed to help you reach your goals as expeditiously as possible. Awarded to the top 5 brokerage firms in NM, Absolute Investment Realty has achieved the coveted Costar Power Broker Award every year we ve been in business.

12 Disclaimer & Confidentiality This is a confidential marketing package indented solely for the reader s use in determining its desire to express further interest in the lease or purchase of this property. Additionally, this package and the information contained herein is not for public distribution and is intended only for parties with a bonified interest in the lease or purchase of this property and should not be distributed otherwise. The information contained in this marketing package is believed to be reliable. While the broker does not doubt the accuracy, it has not verified it and the broker and property owner make no guarantee, warranty or representation about it. It is the reader s responsibility to independently confirm its accuracy and completeness. All financial information contained herein is provided as a general reference and should not be treated as fact, but should be independently verified by the reader of this material. By receipt of this marketing package, the reader agrees to keep this package and all material contained herein strictly confidential and agrees to destroy or return this package to Absolute Investment Realty upon the readers determination it has no interest in leasing or purchasing the property. Additionally, the information contained herein is not be utilized to the detriment of the property owner, Absolute Investment Realty or its associated brokers, any tenant(s) of the property, or any other party affiliated with the property. The reader will not contact or approach the tenant(s) or operator(s) of the property, if any, without the express written permission of the property owner. The property owner has absolutely no obligation to sell or lease the property to any person or entity regardless of proposed pricing or terms. Additionally, the property owner reserves the right, in it sole and absolute discretion, to reject any or all offers or expressions of interest to purchase or lease the property..