Chestnut Ridge Mobile Home ParkList Price: $479,00031 Winterhill Drive

Pride of Ownership

Possible Net Cash Flow of Over $6,000 monthly/$73,000 annually

Presented By:Jacob Lions

jacob@markfields.com

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828.280.0919

Chestnut Ridge Mobile Home Park

Marion, NC 16 Homesites 10 Park Owned Homes 6 Lot Rent 8.68 Acres Electric and City Water Individually metered by Utility

Companies Individual Septics Additional 3.39 acres available for Expansion

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Chestnut RidgeMobile Home Park

8.68 Rolling Acres Availability for sale of additional 3.39 Acres Owner Built & MaintainedPride of OwnershipTenant Maintained Grounds

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Chestnut Ridge Mobile Home Park

Rental Income Prospectus

Total Number of Units: 16

Occupied Units: 15

Possible Monthly Rental Revenue: $7675

Possible Annual Income: $92,100

Vacancy $4,803 (5%)

Annual Expenses: $7,388

Net Operating Income: $79,909

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Chestnut Ridge Mobile Home ParkRents are currently well below market value and numbers are presented as both Actual Rent totals and Market Value.

Rent Roll & Prospectus

Lot# BR/BA Actual Market YEAR1 3/2 $575 $650 19992 2/1 $395 $550 19983 3/2 OWNER* $650 19994 2/1 $425 $550 20035 2/1 $425 $550 20016 2/2 $450 $625 19997 2/1 $425 $550 19998 $145 $2759 $145 $2751011 2/2 $450 $625 200212 $135 $27513 3/2 $420 $650 199816 2/1 $385 $550 199617 $145 $27518 2/2 $450 $625 1997

Monthly Income $4,970 $7,675 Yearly Income $59,640 $92,100

*Owner would like to remain in the Park until she builds elsewhere and would sell her home to you for $12,500 when she moves

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Chestnut Ridge Mobile Home Park

Expenses Yearly

Property Taxes $1,200.00Insurance $1,188.00Maintenance $5,000.00

TOTAL EXPENSES $7,388.00

This property is on Public Water and Private individual septics. Water is individually metered and billed direct to the tenants from the Marion Water Department and electric is billed direct to the tenants from local utility. Currently, tenants are responsible for lawn maintenance.