Meadow View Community Auburn, Ala.

Extremely

Stable

Community

just outside

Auburn Ala.

$825,000

36 Site MHP

96% Full

30 POH, 5 TOH

1 VL

Quiet, Stable and

Mostly Long Term

Tenants

9 miles to Auburn

University

Multiple

Opportunities for

Adding Value

Information contained in this document has been obtained from sources believed to be reliable and accurate, It has not been verified and

makes no guarantee, warranty or representation regarding it. It is the potential buyers responsibility to independently confirm the accuracy

and completeness of property information. Any projections, opinions, assumptions or estimates used are for example only and do not

represent the current or future performance of the property. The information contained herein should be independently determined or

confirmed and evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent

investigation of the property to determine to your satisfaction the suitability of the property for your needs.

HERE

For Information call:

770_722_4239 or email to

j532605@yahoo.com

Non-Disclosure/Confidentiality Agreement

This summary has been provided for your limited use in determining whether you wish to explore the acquisition of the Property herein.

This summary contains only selected information and does not purport to be a comprehensive representation of the Property particulars. It does not contain all of the information which prospective investors require to evaluate a purchase of the property. Financial projections are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond control and are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.

The Owner nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the property in evaluating a possible purchase of the real property.

The owner expressly reserves the right at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which arise as a result of review of the Memorandum. The Seller shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Seller and any conditions to the Sellers obligations therein have been satisfied or waived.

By receipt of this Summary, you agree that its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose any of its contents to any other entity without prior written authorization of the Seller . You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Seller.

Meadow View Community,

Auburn Ala.

Any property visit must be approved by listing representative. 770-722-4239

There will be absolutely no contact with tenants, management, ownership or governmental agencies without approval from listing representative.

Information contained herein has been obtained from sources we deem reliable.

We have no reason to doubt its accuracy , but we do not guarantee it.

This occupied community offers a solid opportunity to

create a beautiful, secure, long term revenue stream

for any savvy investor. Located just 9 miles from the

campus of Auburn University and the city of Auburn.

The park contains 36 lots. 30 POH, 5 TOH homes and 1

empty lot. This park typically stays full.

13 doublewides and 21 singlewides on approx. 14.6

acres.

The lot rents are low for the area and can be

increased to $295 easily with out creating any

concerns. Most tenants are long term.

Development Specifics

Executive Summary

Street Address Two addresses to this park. 2828 Lee Rd 188 or 160 Lee Rd 04

City/State/Zip Auburn, Ala 36832

County Lee

Offering Price $825,000

Gross Income (Annualized) 2017 $163,420

Expenses (Annualized) 2017 $61,725@ 38% Expenses

NOI (Annualized) 2017 $101,695

Total Sites (Units) 35 Sites, 30 POH,4 TOH 1 Empty Lot

Power Pedestals 150-200 amp.

Site Rent Avg. home rent $448

Park Owned 30 Park Owned Homes

Occupancy 96% Occupied

Type/Age/Quality 12 Doubles, 19 Singles 85’s-2000’s

Zoning A2

Acreage Approx. 14.6

Electric Metered, Paid By: Tenant

Quality Great!

Water City Water, Paid By: Tenant

Septic Yes

Trash Yes

Cap Rate 12.6 Property Description & Location Information

The Meadow View Community

Auburn, Ala.

PHOTOS

Meadow View Community

Auburn, Ala

PROFORMA INCOME & EXPENSE

Meadow View Community

Auburn, Ala.

Auburn Corridor Market Overview

• Fastest growing: Auburn

• Of the ten largest cities in Alabama, none is growing faster than Auburn, a college town rapidly evolving into a small city.

• Auburn, according to Census reports released today, has been adding hundreds and even thousands of people with each passing year to now reach 62,000 residents. That's up from 53,000 just five years ago.

• The remarkable 16.3 percent increase over five years has pushed Auburn past Decatur as the state's eighth largest city.

• "When it comes down to it, Auburn is just a great place to be," said city manager Charlie Duggan Jr., who said many choose Auburn because of the schools, because it's safe, and because it's near the university.

• If Auburn continues at this rate it would pass Dothan, the state's seventh largest city, by the 2020 Census.

• The city forecast for the next five years? "Probably continuing as we have seen in the past," said Duggan. "There is still a lot of room to grow in this county."

PHOTOS

Meadow View Community

Auburn, Ala

AREA MAP

Meadow View Community

Auburn, Ala.

The Meadow View community is ready for repositioning with impressive cash flow. Any new owner has the base from which to create a beautiful, well located neighborhood. The area is experiencing demand and is ready for nearly any business plan to be implemented. Please contact us for additional information. 770-722-4239

Rent Roll

Meadow View Community

Auburn, Ala.