This is an incredible opportunity to acquire an investment property which exceeds the coveted "1% Rule" (1.3% Actual) on in - place ACTUAL reported income. The subject property is comprised of (4) Park-Owned Homes with the remainder being Tenant owned. There are currently two (2) vacant spaces which if leased at the below market in-place space rent of $300 this equates to $7,200 in annualized loss-to-vacancy income, increasing the proforma cap rate to 8-8.3% (over 1% increase).

Manton Trailer Park is a well maintained 14 space Mobile Home Park situated on 1.90 Acres comprised of (13) Single-Wide spaces, (1) Double-Wide, plus an onsite laundry facility with bathrooms. The park is serviced through a private monitored well system plus two (septic tanks) with recently installed leach lines. Five (5) of the spaces are sub-metered PG&E so the tenants reimburse the ownership for their electrical use, whereas the remaining (9) spaces pay direct billed to PG&E. Each tenant is responsible for obtaining their own propane gas.

The ownership has made the following capital improvements:
- New filtration and chlorination system.
- New casing for the well.
- (2) new leach lines for the septic system.

One (1) double-wide space; 1 is a newer 1200 sq ft 3 bed, 2 bath modular. It also includes a newer 800 sq ft shop with 1 bathroom.

This represents a streamlined light value-add opportunity through the implementation of basic marketing to lease vacant spaces with already existing income.