Andrews Mobile Home Park 1425 Hatter Road Franklin, Kentucky Simpson County, KY

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Gavin Mosley
7 years ago
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1 Andrews Mobile Home Park 1425 Hatter Road Franklin, Kentucky Simpson County, KY For more information contact John Rockaway Equity Trust Commercial Realty Lexington, Kentucky Office: (859) Fax: (859) EquityTrustCommercial.com 6 +/- acres 18 lots ( 13 occupied, 5 vacant) and 6 park owned homes

2 Narrative This 18 lot park includes six park owned units. Country setting yet easy access to area employers. Franklin, Kentucky is located on I-65, just south of Bowling Green, Kentucky home of the Corvette plant, and just north of Nashville, Tennessee. Property Highlights Current scheduled income of over $50,000/year Upside by filing vacant lots Recent announcements about upcoming job creation in the county include a one million square foot Tractor Supply distribution center, expansion of the WorldColor facility, Dynafilms doubling its employment, G3 Shieldings Technology venture, and the relocation of Worldwide technologies.

9 Andrews MHP

10 Rent Roll This information has been obtained from sources deemed reliable. No warranties or representations, expressed or implied, as to the accuracy of this information are made by Equity Trust Commercial Realty. Owner s intent to sell is confidential. Do not contact manager or residents without written permission from Equity Commercial Trust Realty.

11 Rent Roll Lot Number Lot Rent Home Rent Total Rent $300 $ $325 $525 9 $350 $ $ $ $175 $ $100* $ Total $2,520 $1,650 $4,170 * Seller financed sale of home 36+/- months remaining This information has been obtained from sources deemed reliable. No warranties or representations, expressed or implied, as to the accuracy of this information are made by Equity Trust Commercial Realty. Owner s intent to sell is confidential. Do not contact manager or residents without written permission from Equity Commercial Trust Realty.

12 Park Operating Data Annual INCOME 7 Lots with park owned homes Average: 6 Lots with tenant owned homes 5 Vacant lots 18 SCHEDULED INCOME $436 per month $187 per month $0 $36,600 $15,680 $0 $52,280 * 2012 Actual Collected Income: $50,040 EXPENSES Pro Forma Insurance New Property Taxes Permits Trash Repairs/Maintenance OPERATING EXPENSES ** $2,000 $2,365 $100 $1,560 $6,000 $12,025 ** 2012 Expenses: 2012 operating expenses totaled $8,140 Plus $7,382 of capital improvements including 2 new electric pedestals Rehabbed 3 mobile homes Utilities: Water: City Sewer: On-site septic Note: Water is sub-metered, and not included in the above income or expenses. This information has been obtained from sources deemed reliable. No warranties or representations, expressed or implied, as to the accuracy of this information are made by Equity Trust Commercial Realty. Owner s intent to sell is confidential. Do not contact manager or residents without written permission from Equity Commercial Trust Realty.

13 Reasons for choosing Equity Trust Commercial Realty: An experienced team of manufactured home community specialists. Focused and effective marketing Contact with active investors. Full exposure to the market. Experienced park owners that understand the business. For more information contact John Rockaway Equity Trust Commercial Realty Lexington, Kentucky Office: (859) Fax: (859) EquityTrustCommercial.com

CHRIS SHOEMAKER or RON HIRSCH (831) 476-8194 x 34 (831) 476-8194 x 36 chris@hirschandassociates.com rhirsch@hirschandassociates.

CHRIS SHOEMAKER or RON HIRSCH (831) 476-8194 x 34 (831) 476-8194 x 36 chris@hirschandassociates.com rhirsch@hirschandassociates. Easy Access to Soquel Dr. Corridor and Area Highways Currently a 3-Tenant Building Approx. 2,100 sq. ft. Plus Garage Area 11 On-Site Parking Spaces and Ample Street Parking Available Will Easily Convert