Prairie Winds Mobile Home Park

Investment Overview

LISTING BROKER Jennifer Stein Real Estate, Inc Jennifer Stein, Broker. 213-446-5366 jstein@jenniferstein-realestate.com OK RE Lic: 202306 OUT OF STATE COOPERATING BROKER PCG Commercial, Inc. Adrian Del Rio (916)303-0133 adelrio@pcgcommercial.com CA RE Lic: DRE# 01431059 Prairie Winds Mobile Home Park built in 1997 is a 38 lot-site community situated on 3.41 acres with paved roads, serviced by individually metered City Water & Sewer, and direct billed electrical. This is an ideal set up with metered utilities minimizing the operating expenses for an investor. There are currently (12) occupied sites with all Tenant - Owned Homes (TOH) rented between $150-$200 per site / month. The rents are very affordable given the average household income in the direct market is $79,000! This leaves substantial upside for an investor to lease the remaining vacant (26) sites at market rent of $200 equating to an additional $5,650 in gross monthly revenue and a +14% proforma cap rate. This is a great opportunity to acquire an MHP with 90s built infrastructure serviced by City water & sewer, metered direct billed utilities, and huge lease upside at a really low cost basis of ($9,868) per site. The regions affordability, proximity to daily needs amenities, proximity to a desirable outdoor lifestyle which includes fishing, hunting, and hiking attracting families plus work force housing. Cordell and Washita County are supported by a diverse, blue-collar and service-oriented employment base: *Primary Employment Sectors Healthcare & Social Services (largest employer sector) Construction & Skilled Trades Transportation & Warehousing Agriculture and energy-related industries Oil & gas extraction and utilities (higher-wage sectors) Hospital & Medical Services: Cordell Regional Hospital

Investment Highlights

• Large upside on leasing vacant spaces
• City water, City sewer, paved roads
• Individually metered utilities, Direct Billed to resident
• All Tenant-Owned Homes
• +14% proforma cap rate
• Loss-to-vacancy upside of +/-$5,650 per month
• Average Household Income = $79,000