North Alabama 3-Park Portfolio

PORTFOILO LOCATIONS

LEISURE ACRES RESERVE: 202 Leisure Acres Court, Boaz, AL 35957 MAP>

LAKELAND RESERVE: 220 Anderson Street, East Scottsboro, AL 35769 MAP>

WEST WILLOW RESERVE: 840 West Willow Street, Scottsboro, AL 35768 MAP>

NORTH ALABAMA 3-PARK PORTFOLIO

Executive Summary

BWE Investment Sales LLC (BWE) is pleased to offer the exclusive opportunity to acquire Scottsboro 3-Park Portfolio, consisting of Leisure Acres Reserve (112 lots), Lakeland Reserve (50 lots | 12 Storage Units), and West Willow Reserve (52 lots). Lakeland Reserve and West Willow Reserve are located just 6-miles apart and providing a new buyer immediate operational efficiencies and economies of scale in strong southeastern markets. Leisure Ares is located just a short drive away and situated near two major high schools and a variety of shopping and entertainment.

The average lot rent for this 3-park portfolio is $414. Both communities have public electric that is directly billed to the tenants. There are 51 vacant lots across the portfolio, providing an immediate value-add opportunity through infill. Geographically, the proximity of all three properties from neighboring metro areas including Huntsville, Birmingham, and Chattanooga provide convenient access to retail, parks, and a plethora of employment opportunities.

Investment Highlights

Convenient Location

West Willow Reserve, Lakeland Reserve, and Leisure Acres Reserve are located in the northern region of the state. They are approximately one hour from Huntsville, AL, and Chattanooga, TN, and just over an hour from Birmingham, AL—the state’s largest city—offering ample amenities, shopping, and entertainment.

Value Add Opportunity

There is value add opportunity for investors through rent increases, rehabbing and filling vacant park owned homes, and filling the vacant lots. Currently this portfolio has 51 vacant MH lots, 3 vacant RV lots and 12 vacant POH.

Public Utilities

All three communities are serviced by public water and billed back to tenants. At Leisure Acres, the trash is billed back to tenants. West Willow Reserve and Lakeland Reserve both offer trash service that is included in tenant rent.

Rent Increase Opportunity

Real opportunity to raise rents by 12%+ in the first two years. By infilling vacant lots and rehabbing vacant homes, an investor can increase the average lot rent by setting the new tenants at market rent.