**PRICE REDUCED**

• Gaslight Village MHC is an all-age, 3-star manufactured home community positioned on approximately 18.62 acres of land serviced by public utilities. The property offers a spacious layout with shaded trees and off-street parking throughout.
• The property also has a 54-unit self-storage facility that brings in $14,000-$20,000 annually. The storage units are rented anywhere from $35 to $65 per month.
• Value-add opportunity to increase occupancy as the property is only 53% occupied. Most of the park-owned homes are occupied, indicating strong demand for affordable housing in the area.
• The park could benefit substantially from the implementation of a home program. Increasing occupancy to 60 sites (74%) from the current 43 (53%) would add $59,000+ in annual site rent with minimal increase to expenses. Further increasing occupancy to 77 sites (95%) would add another $59,000+ in annual site rents. If 90% of the additional revenue falls to NOI, based on the asking price the unlevered return increases by 5.5%.
• At $24,000 per lot, the asking price is significantly below replacement cost.