DATE: 7/20/99



PAX REALTY - Joyce June, Broker

95 Brown Rd #1053 – Ithaca NY 14850

607-220-7762 office (leave message)

315-781-1008 cell phone



PaxRealty@

MOBILE HOME PARKS FOR SALE – HOTSHEET – January 16, 2014

Joyce June, licensed real estate broker in NY, SC and NC

Ready to buy? … call me! Want to sell? … call me!

Ripley NY – 95,000 cash only – 20 lots with 6 occupied at 160/mo (way too low) – public water/sewers – 13 acres surrounded by vineyards – can see Lake Erie from the exit – bring in new doublewides and market them to Canadian buyers or snowbirds as second homes – near several casinos, a spa, marinas, state parks, Niagara Falls, Pa border and border to Canada – use your imagination … this has been a “sleeper” – you’re buying 20 lots with public water/sewer for 4,750/lot … unbelievable! unexpected death and voluntary signover caused the last sale – Pax Realty listing

Albany NY area – motivated seller says bring him an offer --- East Woodland Mobile Home Estates, 62 Willow Way, Stephentown NY 12168 – 26 sites with 20 occupied (310/mo for doublewide lots and 290/mo for singlewide lots) + 7 unit apartment house + single family house with attached garage – wells/septics – 37 acres – 11,600/mo gross income – asking 1,250,000 – Rensellaer County – Pax Realty’s listing

Oswego County – near Lake Ontario – 2 single family homes + 47 lots with 34 occupied – lots of upside – great salmon fishing – perfect for a retiring baby boomer – gross rental income is about 140,000/yr with expenses of about 60,000/yr – asking $890,000

Oswego County – near Lake Ontario – 10 acres – at least 40 lots - $450,000

Greene NY - $250,000 – I think the seller can hold paper on this one – let’s get creative!

between Ithaca NY and Owego NY – Tioga County - 29 lots with potential – 6.7 acres – well/septics – park needs clean up and newer homes – let’s try 150,000 and see if the seller will hold 100,000 at 4% for 10 yrs (fixed) – assessed value is 357,000 – back area is in a flood zone – it’s not a pretty park right now, but the price reflects the condition

20 miles from Ithaca NY – Tioga County - small park – 6 lots – public water – septics - will consider $80,000 cash if you can close quickly – includes 4 park owned homes and all are rented

Broome County – here’s a great starter park near Interstate 81 – 7.5 acres – 20 lots with 10 occupied – barn – well/septics but seller says public water and sewers are coming soon

I can work as a buyer’s agent on the following parks (the listing agent works for the seller – you need me to work on your behalf to get you the best possible price – our purchase offers will state that the seller pays my commission):

81 lots – public water/sewers – 96% occupied – 2,150,000

51 lots – public water/sewers – Cayuga County – NYS

38 lots – public water/sewers – PA – 90 miles from NYC

33 lots – well/septics – 85% occupied

34 lots – well/septics – 515,000 – 85% occupied

251 lots – public water/septics – 6.5M

66 lots – well/sewers – 1.2M

71 lots – 2.9M

78 lots – well/septics – 2.025,000

62 lots – well/septics – 52% occupied

29 lots – well/septics

26 lots with 3 vacant + house – Chautauqua County - 375,000

17 lots + 15 park owned homes – 760,000 – western NYS

100 lots – public water/septics – 1.8M – 100% occupied – beautiful park!

300 lots with 200 occupied – let’s try 6M – public water

Wayne County – need cash buyer – asking 189,000 – seller doesn’t like being a landlord – 25 sites with 24 occupied, but some tenants are not paying – owner will consider including back lot rents as part of the deal – net income is about 15,000/yr – lots of upside needs aggressive management

This portfolio was just foreclosed. I have the owner’s cooperation and the bank’s ear. We’re trying to avoid a bankruptcy! Existing debt is approximately 4.6M and a recent appraisal justifies the price, but I’ll take anything to the attorneys.

4.6M asking price – portfolio of 4 parks in western NYS near PA border – 157 sites –– Hornell NY – Steuben County - can sell individually if all parks close in the same time frame - all parks have been very well maintained - Pax Realty’s listing:

1) Green Acres – 96 sites on 15.7 acres – mostly seniors – public water paid by tenants/septics – tenants pay the taxes assessed to their homes – no park owned homes convey – park was built in 1965 - $2,850,000

2) The Oaks – 36 sites on 10.9 acres – newer doublewides – public water (billed and paid by tenants directly to the vendor) – tenants pay taxes assessed to their homes – no park owned homes convey – park was built in 1994 - $1,050,000

3) Flanders MHP- 20 sites on 5.47 acres – public water/septics – no park owned homes convey – park was built in 1985 - $560,000

4) McKendricks MHP – 6 sites on ½ acre next to Green Acres – public water – no park owned homes convey - park was built in 1965 - $140,000

NY – Homer (town of Scott) – 21 lots with 16 occupied at 295/mo – mhp is on 6 acres – additional land is available, but is not included – at full price, 4 notes are included (1,094/mo income from the notes) – well/septics – 195,000 – possible owner financing to qualified buyer – minimum 25% down and good credit

Buffalo area –126 sites with 84 occupied at $340/mo – public water/sewers (tenants pay $20/mo) – 7.7 acres - $27,000/mo gross income – expenses are approximately 45% of gross income – net is about 178,200/yr – and that’s with 42 non-income producing lots (great upside) – 1.6M

90 minutes from New York City – 38 sites in PA – public water - sewers - $370/mo lot rents – let’s try 950,000 - you’ll have to hire me as a buyer’s agent for this one – seller pays my commission

33 lots – well/septics – 85% occupied at $365/mo – 1 hr from Albany NY – let’s try $750,000

SC – Myrtle Beach area – 35 acres – 53 lots – 2.2M

there’s no security in today’s world – you need a backup plan – mobile home parks are great investments if you have the right management in place – your manager will make or break you

apartment owners … how much will you pay per unit? can you buy an apartment for 30,000 and then have no real estate taxes? … I don’t think so! I’ve got vacant lots in parks I’ve sold that need to be filled … let’s talk

I’m in mobile home parks for the long haul! I believe in communities and good neighbors!

when the community works together … the community works!

list your park with me and I’ll consider managing it while it’s listed with me – I know what buyers and lenders are looking for

I’m available to do consulting work at your park – you need to protect your investment – I can show you how

if you’re through surfing and you’re serious about buying a park, call me

there’s a reason I have so many repeat buyers – I’m working hard to improve the image of parks – in today’s world we definitely need affordable living!

watch my website for trends and be sure to send me an email so you’re in my database to get my hotsheets – I get new parks all the time

I’m adding a division to find good, used mobile homes for vacant lots in parks I’ve sold … sorry … these homes are only available if you’ve worked with me in the past or if your park is currently listed with me

my services don’t cost money … they pay!

Joyce June, Broker – Pax Realty - licensed in NY, SC and NC

315-781-1008 (cell)

607-220-7762 (office – leave message)

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