Kraft MHP is one of two MHP's being sold in Moberly, MO as a portfolio. Kraft MHP is a 59-pad mobile home community located on 20.50 acres on the outskirts of Moberly, MO. The park was developed in 1981 and has served the community by offering an affordable housing option since that time. The property is zoned commercial and is believed to be in compliance. The park is not located in a flood zone. The park is presently managed by a 3rd party management company that is owned and run by one of the minority partners in the ownership LLC. The owners believe that they have tenants who would make good onsite manager/greeter candidates should that fit your management model preference. All maintenance issues are currently handled by the 3rd party property management company.

The pad size varies, but all of the pads accommodate single-wide trailers. There are currently 2-3 trailers that will most likely need to be removed from the premises. Of the 48 occupied pads in the park, 35 of the trailers are either TOH or RTO's with pad rate averaging $315/month. Eight are POH's averaging $715/month. Five are vacant POH's which may be salvageable depending upon your business model. Rent was recently raised on July 1st, 2024. There are currently three tenants behind in their rent (less than 30 days as of the time of this OM being prepared). The park utilizes leases for its residents. The park has titles for all of the POH's. Of the vacant pads 1/3 are able to bring in homes without improving infrastructure (the others will need some pad work and bringing hookups up to code). The tenants currently pay their via an online payment portal.

PUBLIC WATER & SEWER! Kraft MHP is on city water & city sewer! The underground pipe material is believed to be a mixture of different materials. The amperage of the electrical pedestals was not provided. Residents are direct billed for water, electricity, & gas by the utility providers. Garbage is paid directly by the tenants. The park roads are asphalt recently had work completed (July 2024) and are considered to be in good condition. Mowing is currently provided by the park, however this is being transitioned to the tenants as leases are up for renewal. The park mows the common areas through the property management company. The property management company also pushes snow as needed.

The owner has made some park improvements since taking over the park:

• 8 upgraded/remodel's of POH or POH to TOH
• 5 homes purchased and/or infilled
• Electrical upgrades for infill
• Pad prep for infill
• Sewer pipe and pump house upgrades
• Asphalt repairs have recently been made
• Over $125,000 in capital expenditures over the past 18 months

When asked if they were to continue to own/operate the parks going forward, what items would you concentrate on improving?

• Continue to transition existing POH's into TOH's
• Get the "shop" rented out or converted into storage
• Continue infill efforts
• Mowing fully transitioned to tenants

MR. LANDMAN, LLC is a licensed real estate brokerage firm in the State of Missouri under Lic#2021009404. Jonathan Fisher is a broker associate in the State of Missouri under Lic#2021009405.