The park is comprised of one tax parcel. There are currently not any trailers that need to be removed from the premises. Of the 20 occupied mobile home pads in the park, all 20 of the trailers are TOH's currently averaging between $333 & $350/month. The 6 occupied RV pads are currently paying $250 to $300/month. The house is currently rented for $350/month. The "burger barn" is rented for $500/month. The current owner is bringing the pad rental rates up to market levels. The park utilizes annual leases.

Three River MHP is on private well & septic. The underground pipe material is believed to be PVC. Residents are direct billed for electricity by the utility provider. Garbage is paid for by the park. The road through the park is gravel and is considered to be in "good" condition by the owner. The tenants mow their own pads and the park mows the common areas in the MHP section, and the park maintains all of the grounds for the RV portion of the property.

Since the owner purchased the park he has tackled some deferred maintenance and capex needs to the tune of $30,000 including replacing water tanks, repairing water lines, upgraded septic, repaired & repainted the community room, installed a new sign, and cleared debris.

If the owner was going to continue to operate the park going forward he would concentrate on adding RV's to rent, overall park promotion, and putting in storage units.

MR. LANDMAN, LLC is a licensed real estate entity in the State of Texas under Lic#9014545. Jonathan Fisher is a licensed broker in the State of Texas under license #819440.