31 Space MHP - All POH.

Current owner purchased the park in June, 2018 in a significantly distressed state with less than 50% occupancy, no screening process and all utilities paid by owner.

Since the purchase, new management has been placed who operates with basic systems and processes and has been able to achieve a consistent 90+ % occupancy. All units are individually metered for electricity and gas and residents have their own individual accounts. A coin operated laundry was renovated & is currently operational.

20/31 POH have been renovated and achieve $450 total monthly rent. Potential upside in renovating the remaining untouched units, raising rent & utilizing RUBS for water/trash bill back.

Each POH has clean title & owner is able to provide financials with bank statements to prove profit/loss. 2020 NOI: $65,000 & 2021 NOI: $70,000.