Mobile Home Park FRONTIER HILLS 11398 MULETOWN ROAD SHASTA, CA 96087 Ron Largent, “The Largent Team” 2165 Larkspur Street Redding, CA 96002 (O) 530-248-5601 (F) 530-248-5701 www.ronlargent@kw.com Offered @ $1,300,000

Property Description Mobile Home Park FRONTIER HILLS 11398 MULETOWN ROAD SHASTA, CA 96087 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.

Excellent Mobile Home Park FRONTIER HILLS Mobile Home Park Investment Data 11398 MULETOWN ROAD SHASTA, CA 96087 INVESTMENT INCOME PROJECTION WORKSHEET *ANNUALIZED OPERATING DATA PROFORMA Park & Duplex CAP RATE: 7.80% Gross Operating Income $121,880 $137,396 PROFORMA Total Expenses $35,959 Net Operating Income $85,921 $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 Admin / Office $274 Space 28 Repairs & Maintenance $6,694 Total Income Monthly $8,710 $9,800 Utilities $16,297 Total Income Annually $104,520 $117,600 $30,831 Laundry $320 $236 Parking / Storage $840 $1,860 DUPLEX EXPENSES Total Annual Park Income $105,680 $119,696 $3,000 DUPLEX INCOME $96 Home A $875 $925 $477 Home B $475 $550 $1,350 $1,475 $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

Parcel & Map View Mobile Home Park FRONTIER HILLS 11398 MULETOWN ROAD SHASTA, CA 96087 Old Town Shasta Whiskeytown Lake