This information has been secured from sources believed to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy. References to size, area or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

45 Unit All-Age Community in Tilton Illinois!

Offered at

$595K

1. View of the subject property signage located along Kingsdale Avenue to the west.

2. View of Coachlight Drive looking east.

3. View of the postal boxes located on the west end of the subject property.

4. View of the rental office located in the center of the subject property.

5. View of the interior of the office.

6. View of a vacant mobile home parcel.

APPENDIX A: SITE PHOTOGRAPHS

Site Address:

Project No. 11-82893.1

Coachlight Mobile Home Park 27 Coachlight Drive Tilton, IL 61832

www.PARTNEResi.com (800) 419-4923

1. View of the subject property signage located along Kingsdale Avenue to the west.

2. View of Coachlight Drive looking east.

3. View of the postal boxes located on the west end of the subject property.

4. View of the rental office located in the center of the subject property.

5. View of the interior of the office.

6. View of a vacant mobile home parcel.

APPENDIX A: SITE PHOTOGRAPHS

Site Address:

Project No. 11-82893.1

Coachlight Mobile Home Park 27 Coachlight Drive Tilton, IL 61832

www.PARTNEResi.com (800) 419-4923

Manufactured Housing Community Investment Opportunity

Offering Memorandum

Coachlight MHP

For more information contact: Frank Rolfe

(573) 535-0206 Frank@mhpFunds.com

This information has been secured from sources believed to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy. References to size, area or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Coachlight Mobile Home Park is a 45 unit park that is IDEAL for the first time investor. It is very easy to manage as the residents pay Water, Sewer, Gas, and Electric directly to the City of Tilton. In addition the park boasts nice homes, great tenants and high collections. Upon the sale of the park 44 of the 45 lots will be occupied. There are 5 homes/notes included in the purchase and only 1 lot left to fill. Three of the units are in progress now and we have people interested once they are ready to go. Coachlight MHP is located in a country setting near Danville, IL. Lot rent is $170 per month and can easily be boosted $5 to $10 per year as it is still very affordable for the residents. There is also an office space that may be able to be converted to an apartment for additional income. Don’t miss out on this opportunity!

Coachlight MHP 42 Coachlight Drive

Tilton, IL 61832

Price: $595K

Current NOI: $67K

Current CAP: 11.3%

Utilities Type Who Pays Metering Water City Resident Direct

Sewer City Resident Direct Gas Provider Resident Direct

Electric Provider Resident Direct

Offering Overview

Coachlight MHP, Tilton IL Perfect 1st-Time Park!

1. View of the subject property signage located along Kingsdale Avenue to the west.

2. View of Coachlight Drive looking east.

3. View of the postal boxes located on the west end of the subject property.

4. View of the rental office located in the center of the subject property.

5. View of the interior of the office.

6. View of a vacant mobile home parcel.

APPENDIX A: SITE PHOTOGRAPHS

Site Address:

Project No. 11-82893.1

Coachlight Mobile Home Park 27 Coachlight Drive Tilton, IL 61832

www.PARTNEResi.com (800) 419-4923

This information has been secured from sources believed to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy. References to size, area or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

COMMUNITY #MH Spaces 45

#Occupied 44 Avg. Space Rent $170

#Park Owned Notes/Homes 5 Average Payment Over

Space Rent $250

Note Balance $271K Year Built 1973 Roads Ashphalt Total Acres 16.5 Unused Acres 12

FINANCING – Proposed New Purchase Price $595,000 LTV 75% Down Payment $148,750 Amount Financed $446,250 Interest Rate 6.00% Amortization (months) 360 Monthly Payment $2,675 Principal Reduction – Year 1 $5,480

CASH FLOW Current

Income $104,500 Expenses $37,500 NOI $67,000 CAP Rate 11.3% Annual Debt Service $32,106 Debt Service Coverage Ratio

2.09

Cash Flow after Debt Service

$34,894

Cash-On-Cash 23%

SPACE MIX

Number of Units

Type

Current Space Rent

Current Monthly

Total

Projected Space Rent

Projected Monthly Total

44 Single Wide $170 $7,480 $180 $7,920 1 Single Wide (vacant lot) $0 $0 $180 $180 1 Office (Convert to Apt?) $0 $0 $500 $500

TOTALS 46 $7,480 $8,600

Financial Overview

Additional Comments: Upon the sale of the park 44 of the 45 lots will be occupied. There are 5 homes/notes included in the purchase. Three of the units are in progress now and we have people interested once they are ready to go.

This information has been secured from sources believed to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy. References to size, area or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Annual Current Notes INCOME

Rental Income - Lots $89,760 Includes the 3 new homes

that are in process Other Income – Park Owned Notes $15,000

Other Income - Late Fees, etc $2,500 Collection Loss ($2,693)

Total Revenue $89,760

EXPENSES Administrative $500

Advertising $500 Bank Charges $600 Credit Checks $360

Insurance - Park $1,600 Insurance - Workers Comp $400

Legal & Professional $500 Licenses & Dues $300

Management - Offsite (4%) $4,183 Mobile Home Expenses $3,000

Office Supplies $400 Payroll - Manager $4,000

Payroll - Maintenance $2,000 Repairs & Maintenance & Reserves $5,000

Taxes - Property $3,000 Travel $500

Utilities - Gas & Electric $1,500 Utilities - Telephone $960

Utilities - Trash $8,220 Utilities - Sewer $0 Utilities - Water $0

Total Expenses $37,523

Net Operating Income (NOI) $67,045 All Operations

Remove Home Income ($15,000)

Remove Home Expenses $3,000

Net Operating Income $55,045

Cap Rate (CAP) 10%

Price for Park Only $550,445

Value of Homes/Notes $50,000 Discounted

Price for Entire Package $600,445

Financial Analysis

This information has been secured from sources believed to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy. References to size, area or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Maps – Local & Regional

Local

Regional

This information has been secured from sources believed to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy. References to size, area or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Aerial

This information has been secured from sources believed to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy. References to size, area or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Pictures

This information has been secured from sources believed to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy. References to size, area or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

For more information contact:

Frank Rolfe

(573) 535-0206 Frank@mhpFunds.com