Partially developed 110 site park on 30.06 Acres. May have potential of more than 110 sites! Zoning allows for 5 units per acre. Phase 2 was started 4 years ago and has 18 sites which are partially developed. The park has one empty site which we have exerted no effort to fill. We are not currently licensed to sell mobile homes. The untimely death of the General Partner has precipitated the necessity to liquidate this property.
Last three years income and expenses for the 29 developed sites, (one is empty and the other 28 pay $250 per lot per month) are approximated below.
YEAR - - - - - - - - 2011 - - - - - - - - - - - 2012 - - - - - - - - - - 2013
Lot rent- - - - - - 88,686- - - - - - - - - - 86,207 - - - - - - - - -86,230
Misc. income - 10,494 - - - - - - - - - - 10,582 - - - - - - - - -10,560

Expenses
R.E. Taxes- - - 10,756- - - - - - - - - - -10,009- - - - - - - - - 10,052
Mgmt. Fee*- - - -8,870 - - - - - - - - - - - 8,620- - - - - - - - - - 8,620
Utilities- - - - - -10,009- - - - - - - - - - - -9,715- - - - - - - - - 10,053
Maint.- - - - - - - -4,686- - - - - - - - - - - 10,416- - - - - - - - - - 9,791
Insurance- - - - -1,000- - - - - - - - - - - - 1,000- - - - - - - - - - 1,000
Net income before debt service- - $56,000 to $58,000 annually.
* Some management adjustments were made in the past two years which have been averaged to reflect a more accurate picture of what is to be expected.
NOTE: THESE FIGURES ARE APPROXIMATE AND UN-AUDITED.
Books showing actual figures may be inspected upon presentation and acceptance of a purchase agreement which is contingent upon Buyer's approval of the actual profit/loss shown therein.