MONTGOMERY, AL MHP: RARELY Available Manufactured Home Community Available in Montgomery Alabama Area. Key Features of the property:

1. Over 50 total lots inthe subdivision plus an additional 4 acres in the NW corner for a sewer plant. 23 lots are developed and rentable. All lots are a minimum of 1/2 acre. Could easily fit 175+ lots if designed like traditional MHP.

2. RECORDED SUBDIVISION: This is a platted subdivision, offering ability to easily sell off individual lots. Conservative market value of developed lots is $20,000 - $25,000; partially developed lots $10,000 - $15,000.

3. EXCELLENT LOCATION. Located in desirable Elmore County, AL (one of the fastest growing counties in AL), just north of Montgomery, AL. Brand new elementary school is near completion just up the road. Majority of housing in area is mid to upscale single family housing.

4. UTILITIES: All Roads, Power Lines and Water are in for entire community. The entire water system was replaced with individual meters installed in 2005-2006. Invested over $100K in infrastructure improvements in 2005-2006.

5. On-Site MANAGEMENT: On-site management is in place for a true turnkey operation from day one.

6. UPSIDE: Tremendous upside potential. Invested an additional $100k in 2007 in the purchase of 6 mobile homes for rentals. Completely rehabbed and rented 4 of the homes. 2 More need to be completed. In addition there are over 30 Lots that are not currently in use. With some additional short term investment, the property could gross over $20,000 per month.

7. Current NOI of ~$40k per year.