INVESTMENT PROPERTY FOR SALE ACRES MOBILE HOME PARK 6040 ACRES ROAD SYLVANIA TOWNSHIP, OH PRICE: $995,000

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1 PRICE: $995,000 General Information: Existing Lots: 29 on acres Location: North of Alexis Road Constructed: 1956 (per Owner) Overall Condition: Good County: Lucas Zoning: C-2 Highway and General Commercial District Parking: Off-street 2 spaces per lot plus guest/overflow parking in the southeast corner of the park Street: Asphalt The information contained herein is from sources deemed reliable, but no warranty or representation is made as to accuracy thereof. It is subject to correction of errors, omissions, change of price prior to sale or withdrawal from market, all without notice. Further, no warranty or representation is made in regard to any environmental Remarks: Well maintained, unique mobile home park investment in desirable Sylvania Township location. 29 lots 8 park-owned homes included. All homes are separately metered for utilities. Owner reads water meter quarterly and bills tenants. Sewer lines are glazed tile; water lines are copper. Secluded location surrounded by mature trees and landscaping. Numerous long term tenants. Additional land at south end of park could accommodate future expansion. Per owner, plans were previously submitted to and approved by municipality. Owner is NOT interested in Seller financing.

2 Rent Roll as of March, 2014: Real Estate Taxes as of 2014: Lot Number Monthly Rent Lot Number Monthly Rent TD: 78 Parcel: $ $ $ $ $ $ $ $ $ $ $ $ $ A $ Manager 22 $ $ $ $ $ $ * 12 $ $ $ $ $ $ $ 330 TOTAL $9,600 NOTES: Total Annual Taxes: $10, Guest/Overflow Parking All owner occupied units having a monthly lot rental rate of $330 and pay an additional $15 per month from April to November for lawn care. * Lot 8 is occupied by the Owner. Their intention is to remain as a rent paying resident after the sale. Utilities: Electric Toledo Edison Gas Columbia Gas Water City of Toledo Sanitary Sewer City of Toledo Storm Sewer City of Toledo Service Garage The information contained herein is from sources deemed reliable, but no warranty or representation is made as to accuracy thereof. It is subject to correction of errors, omissions, change of price prior to sale or withdrawal from market, all without notice. Further, no warranty or representation is made in regard to any environmental

3 Projected Financials Based Upon Current Income and 2013 Expenses Income Owner Occupied Pads $ 78, Park Owned Pads 33,600 Gross Operating Income $112, Less: Operating Expenses Real Estate Taxes $10, Mobile Home Tax Lawn Service* Insurance Snow Plowing Utilities: Water 2, Gas 2, Electric 1, Refuse 1, Repairs & Maintenance 1, Reserve 1, Advertising Supplies Auto/Travel/Miscellaneous Office exenses License Fee Management Fee 5, Vacancy** 3, Total Operating Expenses $ 34, Net Operating Income $ 78, Owner currently self-manages the Park. * Owner mows park owned homes in addition to common areas. ** Vacancy loss is estimated. There was some vacancy in The information contained herein is from sources deemed reliable, but no warranty or representation is made as to accuracy thereof. It is subject to correction of errors, omissions, change of price prior to sale or withdrawal from market, all without notice. Further, no warranty or representation is made in regard to any environmental

4 The information contained herein is from sources deemed reliable, but no warranty or representation is made as to accuracy thereof. It is subject to correction of errors, omissions, change of price prior to sale or withdrawal from market, all without notice. Further, no warranty or representation is made in regard to any environmental

5 For more information contact The information contained herein is from sources deemed reliable, but no warranty or representation is made as to accuracy thereof. It is subject to correction of errors, omissions, change of price prior to sale or withdrawal from market, all without notice. Further, no warranty or representation is made in regard to any environmental