This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and

bear all risk of any inaccuracies. 1

OFFERING PROSPECTUS

Bisbee Mobile Home Park 2010 S Bowers Street

Bisbee (Cochise County), Arizona 85603

Opportunity Knocks! Small Mobile Home Park nestled in the hills of historic Bisbee Arizona!

14 Spaces on 1.48 acres +- at an elevation of approx 4000’!

POPULAR MARKET! GREAT CLIMATE! ATTRACTIVE FORMER COPPER MINING TOWN IN SOUTHEAST ARIZONA THAT HAS BECOME AN ARTIST COMMUNITY AND A HAVEN

FOR RETIREES!

Only $135,000 Cash!

8% Cap Rate on Current P&L! Only $9,643 Per Space - Less than Replacement Cost! Huge Upside!

Exclusively Listed By:

The Park Company Bart Hill – Broker

PO Box 20549 Sedona, Arizona 86341 Office: (928) 284-0224

Cell: 602-499-1314 email: bart@the-park-company.com

DRIVE BY ONLY!!! Do not speak with anyone onsite! Call Broker with Questions.

NO CO-OP FEE: Buyer Brokers are advised to get a signed agreement up-front from their client.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and

bear all risk of any inaccuracies. 2

Bisbee Mobile Home Park

2010 S Bowers Street Bisbee (Cochise County), Arizona 85603

Bisbee Mobile Home Park is situated ½ block west of the South Naco Highway just minutes from historic downtown Bisbee, in the San Jose neighborhood (county) just south of town. Cochise County is one of the few counties in the state where the % increase in population has outpaced the % increase of new housing permits – putting affordable housing at a premium. The park is located in a peaceful residential neighborhood with ready access to city conveniences: a Safeway Center is located just 1/2 mile from the property., and the new $34M Border Patrol Station is just ½ mile away, too. Deal Point: With space rents currently at $215 + E per month, and a market rate of $275 + E, there is $60 per spc/mo upside! The current owner is long distance, and disinterested – he has a business in California that absorbs his time. The park has 9 occupied pads & 5 vacant pads: the next owner can fill the park by buying used homes, setting them in the park, then renting them or selling them and carrying the paper. The potential is there to more than double the current gross in 2 - 3 years time (see page 4). This property is a great play for the investor looking for added value! The city of Bisbee was incorporated in 1902, and has reinvented itself as an artist community and a haven for retirees: the people of Bisbee have worked hard to retain the town’s architectural and historic heritage – and yet keep an open door for newcomers. As a result, people are moving to the Bisbee area - it’s affordable, and has an ideal year-round climate! The park is within the jurisdiction of Cochise County. Residents are typically service people. See the accompanying Excel spreadsheets: Rent Roll; Historical Numbers. (separate Adobe Files.) NOTE: Septic - owner redid leach-field in '07 ... $20K +/- spent; 2 Septic tanks. Tenants pay their own Electric & Trash - Park Pays Wtr/Swr. Bisbee Mobile Home Park has an excellent Southeastern Arizona location with solid positive cash flow from the start! Location and upside make this a property worth taking a hard look at as your next acquisition! DRIVE BY ONLY - DO NOT TALK WITH ANYONE ONSITE - CALL BROKER WITH QUESTIONS. SITE INFORMATION: County Cochise Assessors # 102-39-186 Legal: SUNSET ACRES IN NENE BY M&B BEG 30’S & 495.6’W OF NE CORNER NENE S300’ W217.8’ N200’ E6’ N100’ E211.8’ SEC 5 24 24 1.486AC 5/00 Spaces: 14 spaces Amenities: 4,000’ Elevation; Ideal Climate; Historic Downtown; City Conveniences Year Built: 1968 est. Lot Size: 1.48 acres +- Zoning: TR-18: 14 MH lots with 10 being grandfathered; however, all 14 are permitted due to the special zoning permit Roads: Gravel Utilities: APS - Electric; Arizona Water Co.- Water; Southwest Gas – Gas; Septic (2 tanks) – Sewer; Sunset Sanitation – Trash; Park pays water & sewer. Tenants pay electric & trash.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and

bear all risk of any inaccuracies. 3

Bisbee MHP – cont. PRICE & TERMS: Purchase Price $135,000 Cash Cap Rate 8.0% GIM 6.1x Cost / Space $9,643

Performance scenario of the park in 2020. Actual collected in 2019 was $21,178

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and

bear all risk of any inaccuracies. 4

This scenario shows where the buyer will be after purchasing and installing 5 more park owned homes, and adjusting rents. Probably a 2 to 3 year process – broker estimates. According to the seller “The park is in the county not city. I spoke to Debbie at the Cochise county building and planning department, phone number (520) 432-9300, and she told me the following information: any mobile home older than 1976 has to be approved by the state and the building and planning department, any built after 1976 just needs approval from building and planning. Mobile homes must have a professional installer, no engineer is needed, and must have skirting. A separate permit is required for each mobile home and may need to be preapproved by the state. Unfortunately, she did not have any information on the elevation requirements.” A 24” above grade set may be required – buyer to confirm.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and

bear all risk of any inaccuracies. 5

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and

bear all risk of any inaccuracies. 6

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and

bear all risk of any inaccuracies. 7

Bisbee MHP – cont.

Entrance Interior

Interior Interior

Interior Shot from Bowers St

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and

bear all risk of any inaccuracies. 8

Bisbee MHP – cont.

Safeway Center – nearby corner Downtown Bisbee

Historic Building - Bisbee Bisbee Main Street – Lots of Shops & Galleries Useful Websites: City: http://www.cityofbisbee.com/ Chamber: http://www.bisbeearizona.com/ County: http://www.co.cochise.az.us/ccwebsite/Default.asp University of Arizona: www.arizona.edu/ ASU Center for Business Research: http://www.cob.asu.edu/seid/cbr/ Phoenix Business Journal: http://phoenix.bizjournals.com/phoenix/

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and

bear all risk of any inaccuracies. 9

Bisbee MHP – cont.

Park Map –2010 S Bowers Street, Bisbee AZ 85603: Bisbee MHP

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and

bear all risk of any inaccuracies. 10

Bisbee MHP – cont.

Bisbee MHP Parcel Map: Cochise County APN # 102-39-186 / 1.48 acres +- / Zoning: TR-18.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and

bear all risk of any inaccuracies. 11

Bisbee MHP – cont. DISCLAIMER: The information contained herein has been secured from sources the Broker believes to be reliable, but the Broker makes no representations or warranties, expressed or implied, as to the accuracy of this information, or any other information Broker or Owner may provide. The Buyer is responsible for investigating the condition, square footage, acreage, lot lines or boundaries, value, rent rolls, environmental issues, utility distribution systems (including sanitation systems), roof, wood infestation (& report), compliance with building codes or other governmental regulations, zoning, and any and all other material matters relating to the property; and is advised to hire his own professional inspectors and rely upon their own investigations with regard to the property; and the Buyer will bear all risk of any inaccuracies.

Notes:

- No Seller Warranties: Property being sold in “as is-where is” condition. - 30 day due diligence period. - Buyer must visit the property prior to consideration of an offer. - Listing Broker represents seller only. - If Buyer wants representation, buyer is to arrange for it, and pay for it. - No Co-op fee being offered to other brokers: Buyer’s broker is advised to get a buyer-

broker agreement signed by Buyer – so they may be compensated directly by Buyer through escrow at COE.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and

bear all risk of any inaccuracies. 12

Bisbee MHP – cont.

Climate Chart & Map: charming & historic, at an elevation of 4000’, Bisbee may just have the ‘best climate in the world’ as the chamber of commerce likes to boast! Even better, the town is vibrant & bustling with tourists and newcomers!

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and

bear all risk of any inaccuracies. 13

Bisbee MHP – cont. Bisbee MHP – Intermediate Map

Bisbee MHP – Detail Map

Bisbee MHP: 2010 S Bowers Street, Bisbee AZ 85603: 3+ hour drive time from Phoenix; 1½ hours from Tucson; from Phoenix 1) take I-10 East (which really goes South) to Tucson – 150 miles – 2) Take the I-10 BL E / AZ-80 exit – EXIT 303 – toward BENSON / DOUGLAS – 0.5 miles - 3) Stay straight to go onto I-10 BL E / AZ-80 E / W 4TH ST – continue to follow AZ-80 E – 47.4 miles 4) Turn SLIGHT LEFT onto AZ-80 S – 3.8 miles – 5) Enter next roundabout and take 1st exit onto AZ-92 – 2.6 miles – 6) Turn LEFT onto NACO RD – 1.5 miles – 7) Turn LEFT onto W DELLA ST - < 0.1 miles - 8) End at 2010 S Bowers Street – Bisbee MHP.:

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and

bear all risk of any inaccuracies. 14

Bisbee MHP – cont.

Bisbee MHP: 2010 S Bowers Street, Bisbee AZ 85603: 3+ hour drive time from Phoenix; 1½ hours from Tucson; see map next pg