Key Details:

NOI: It previously reached approximately $14,000+/—per month. Current estimates are conservative due to rental turnover, upfits, and phased-in rent increases. June Rent was an average of $822.56 per unit.

Cap Rate: 5.98%+

Rental Comps: Supported by CoStar Analytics, indicating potential for higher rents.

Stabilization: Achieved with solid management and oversight in place, leading to a higher NOI.

Units Age: 2013 Newer Units = Fewer Maintenance Issues

Location Highlights:

Snyder, TX MSA / Scurry County

Units: 16 newer mobile home units with room for 8 more +/-.

Proximity: See two aspects: growsnyder.com and https://youtu.be/gQ5h1obBvfk

Market Insights:

Scurry County, of which Snyder is the County Seat, is known as Texas Oil Country for reasons such as this: by January 1, 1991, 1,825,517,000 barrels of petroleum had been taken from Scurry County lands since its discovery in 1923. The need for housing for such an industry drives the value of this asset, as affordable housing is structured neatly in a central location. Industries include petroleum processing, cottonseed breeding, farming and ranching, and other diversified industries.

Snyder’s ability to provide clean energy has also ushered in Amazon's business. The conglomerate built the largest wind farm in Western Texas, Amazon Wind Farm Texas. Amazon's vast wind farm in Snyder adds more than 1 million megawatt hours of clean energy to the grid each year. This is a key employer.

Correspondingly, this combination of assets will maintain occupancy and vibrancy long-term based on pattern analysis of past performance and future projections. Implementation of rental increases with proper management as in place will continue to yield high NOI as time proceeds. This property represents a valuable investment opportunity with significant growth potential.

***Owner may consider owner financing 1) with proof of funds to do the complete deal 2) Half-Down or more and a Personal Guarantee on the balance 3) Acceleration if default no foreclosure, security guarantee 4) 15-year amortization with a three-year balloon at a to-be-determined interest rate 5) Owner is in his upper 70’s and wants to 1031 out sooner rather than later.

**DO NOT DISTURB TENANTS OR MANAGEMENT**

WE WILL PRESENT ANY AND ALL OFFERS.

Contact us at Kingship Collective to discuss his South Carolina MHP as well. Gilbert Bradham, Managing Partner -Broker In Charge (843) 532-1641, gil@kingshipcollective.com COOPERATIVE LISTING MANAGING PARTNERS: Lorne Ottinger, Kyle Ferguson, Greg Myers.

LORNE OTTINGER
SC #92273
(843) 737-3532
lorne@kingshipcollective.com

KYLE FERGUSON
SC #117497
(407) 267-7878
kyle@kingshipcollective.com

GIL BRADHAM
SC #3844
(843) 532-1641
gil@kingshipcollective.com

GREG MYERS
SC #21231
(864) 420-4328
greg@kingshipcollective.com

SCOTT REID
TX #739436
(949) 942-6585
scott@parasellinc.com

EXCLUSIVELY
MARKETED
BY

Kingship Collective
In Association With ParaSell, Inc., A Licensed Texas Broker
Lic.#9009637 BoR: Scott Reid - Lic #739436