Seller Financing - Mobile Home Park - Susanville, California

[John Sheedy]

-Lassen Mobile Home Park

-$950,000 with $250k down at 5.5%

-704 Bangham Dr, Susanville, CA

-30 Total Sites including 2 Homes plus additional acreage

-Fixed interest seller financing available, no park-owned homes

-14.5% total Year 1 return, 7.9% cap rate

-No rent control

-Fenced yards, paved roads, large sites

-Rental and infill upside

-Direct-billed electricity for most sites

-Stable tenancy, historically low vacancy market

-Great return on current numbers plus upside