Property Information:

7.18 Acres

74 Mobile Home Sites, 1 RV Sites, and a 2,305 Sq. Ft. Home

2 Rental Mobile Homes and a few mobile home notes

Zoning - I-1, Industrial District in the City Limits

Built in the late 1950's or early 1960's

Streets are paved in fair condition

Lot Rent - $250 per month

Only Vacancy is 1 RV Lot and 2 MH Lots

This mobile home park includes 75 sites, a residential dwelling, and a double car garage.

This park has enjoyed high occupancy over the years and caters to the older mobile homes. Currently there are 2 vacant mh lots and 1 vacant rv lot.

Water and Sewer is sub metered to the residents.

The city of Lincoln is the second largest city in Nebraska. The population of Lincoln grew 17.5% between 1990 and 2000. and 6% over the period of 2000 to 2005. The strong population growth of Lincoln is expected to continue in the future.

The state of Nebraska has one of the lowest unemployment rates in the country. The city of Lincoln has an even lower rate due in a large part to the high educational level of the workforce. Lincoln is the capital of Nebraska and the home of the University of Nebraska (the "Cornhuskers"). While the State and University are the largest employers there are several other major employers and thus a good diversification of the local economy.

The property is about two miles northeast of the central business district of Lincoln. The immediate neighborhood is a mix of industrial, commercial, and another mobile home park (being redeveloped). The City of Lincoln has a waste water treatment plant located west of the subject property.

The property is located within a designated 100 year flood zone

Upside - Continued Rent Raises - Average rent in Lincoln is $250 and up with some parks charging as much as $320 per month.

Terms of Sale - Cash or Cash to New Loan - No Owner Financing

Broker Coop - 3%

Demographics & Area Information

Purchase Price - $1,100,000.00 - 10.5% cap rate