PAX REALTY - Joyce June, Broker
13550 Ocean Hwy - Pawleys Island SC 29585
843-235-1394 ---   Fax: 866-231-0602
Email: jjune002@sc.rr.com
www.paxrealty.com

August 22, 2008

I specialize in the sale of mobile home parks in NY, SC and NC. 

One stop shopping!  I’ve got OVER 150 mobile home parks right now.

I prefer to work as a buyer’s agent, so I’m cobroking on most of the parks. 

This means they are listed with another real estate agent who represents the seller. The seller always pays the commission.

As a buyer’s agent, I can work for you to get the best price possible. 

I’ve managed several parks, so I have tips and resources that will make owning a park fun and profitable.  Whether this is your first park or you have a portfolio already, we should be talking.

I’ll tell you what to look for during your due diligence.

I have lenders ready to do my deals (I’m always looking for more lenders).

NORTH CAROLINA:

Wadesboro NC – 56 miles from Charlotte – 23 acres – 35 sites (large lots) – 25 are occupied – only $325,000 and the seller will consider holding a first mortgage of 125,000 at 7% for 10 yrs with 200,000 down (needs to pay off his loan) – public water (billed directly to the tenants)/septics – I’m a seller’s agent on this one – 3,615/mo gross incom

SOUTH CAROLINA PARKS:

Cordova SC – near Orangeburg – 85 lots on 16 acres – 70 park owned homes - $27,000/mo gross income – seller says excellent management is in place - $2.2M – I’m a seller’s agent on this one

Mullins SC – 20 lots with separate tax map numbers (could be sold individually) – public water/septics – 11 acres – 10 park owned homes – 11 lots are occupied, 1 is ready for a home, 8 need to be developed - $225,000 - $3,290/mo income – nets 25,962/yr – I’m a seller’s agent on this one

NEW YORK MOBILE HOME PARKS:

Scott NY (Cortland County) – 21 sites on 4 acres – well/septics – owner will consider financing with 30% down - $3,640/mo gross income - $250,000 – I’m a seller’s agent on this one

Candor NY – 17 miles from Ithaca NY – 43 sites on 19.9 acres – well/septics – 11 park owned homes (sell to tenants and hold the notes) – income is approximately 130,000/yr – expenses are about 57,000/yr – seller says excellent management is in place – no owner financing - $650,000 – I’m a seller’s agent on this one

Rome NY area – 19 sites + small commercial bldg – 52,620/yr gross income – public water/sewers – water is metered to tenants – expenses are about 14,000/yr – roads recently paved – $350,000 or $280,000 for mobile home park only - $70,000 for commercial bldg only (sold after park) – I’m a seller’s agent on this one

Binghamton NY area – 2 parks – well/septics - 25 sites on 9 acres - $250,000 and 13 sites on 2.5 acres – $175,000 – seller will consider financing up to 75% for qualified buyer  - I’m a seller’s agent on this one

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If your park is currently listed with another realtor, tell him to fax the details to me and we’ll co-broke.

My marketing will get your information into the right hands.

As a buyer’s agent, I’ll give you advice and printouts along the way.

I want you to be successful and I want you to buy your next park from me.

I look forward to working with you.

I’m in the office from 10am to 6pm.  If I’m on the phone (and I’m on the phone ALOT), it automatically goes to my voice mail.  Leave a message so I can call you back.  I want to talk to you.

On weekends you can reach me on my cell phone.  I’m usually out looking at mobile home parks.

Talk to you soon!