Ron Largent, “The Largent Team”2165 Larkspur StreetRedding, CA 96002(O) 530-248-5601 (F) 530-248-5701www.ronlargent@kw.com

11398 MULETOWN ROADSHASTA, CA 96087

Offered @ $1,300,000

The Frontier Hills Mobile Home Park is located in the beautiful hills of Old Town Shasta less than 6 minutes from downtown Redding, CA.

The park was built in 1970(s) and has a total of 28 units conveniently located off of HWY 299 West.

There is a duplex located in the front of the park and the other 26 spaces are mobile homes.

Public-Private well and water (septic system with well water and public utilities).

Managers office is located in the park and available for tenant on-site needs.

Laundry facility and RV parking area (Minimal Monthly Fee) is located in the park.

All of the spaces are unique in design and offer beautiful scenery and quiet surroundings. (55 and older park).

Excellent investment income property with a net income cap of 7%. (Proforma Cap of 9%)

Low monthly operational expenses and income generated from monthly rental of spaces.

Park rents include water, sewer and garbage.

History of long term tenants with ideal setting for seniors and retired individuals.

11398 MULETOWN ROADSHASTA, CA 96087

11398 MULETOWN ROADSHASTA, CA 96087

INVESTMENT INCOME PROJECTION WORKSHEET

*ANNUALIZED OPERATING DATA PROFORMA Park & Duplex CAP RATE: 7.80%Gross Operating Income $121,880 Gross Operating Income $137,396 PROFORMA

Total Expenses $35,959 Total Expenses $35,959

Net Operating Income $85,921 Net Operating Income $101,437

PARK EXPENSES PARK INCOME Current Rent/Mo. ProForma

Real Estate Taxes $6,011 Space 1 -26 $335 $350

Insurance $1,555 Space 27 $0 $350

Admin / Office $274 Space 28 $0 $350

Repairs & Maintenance $6,694 Total Income Monthly $8,710 $9,800

Utilities $16,297 Total Income Annually $104,520 $117,600

Total Expenses $30,831 Laundry $320 $236

Parking / Storage $840 $1,860

DUPLEX EXPENSES Total Annual Park Income $105,680 $119,696

Real Estate Taxes $3,000

Insurance $1,555 DUPLEX INCOME Current Rent/Mo. ProForma

Admin / Office $96 Home A $875 $925

Repairs & Maintenance $477 Home B $475 $550

Utilities $0 Total Income Monthly $1,350 $1,475

Total Expenses $5,128 Total Annual Duplex Income $16,200 $17,700

* Data for 2009 forward. Offering Price: $1,300,000

Management is not included in expenses. This is for illustrative purposes only. The buyer is suggested to contact the seller for specifice financial records

prior to an offer. The Largent Team and Keller Wiliams is providing this for information purposes and is not liable for any financial inaccuracies.

Excellent Mobile Home Park• Long term tenants• Senior MHP quiet & beautiful• Manager on site• Location is ideal

11398 MULETOWN ROADSHASTA, CA 96087

Old Town Shasta

Whiskeytown Lake