Applewood MHC is an all-age, 155-site community (plus 144 storage units) located in a desirable market within a two hour drive to Metro Denver and 1.5 hours to Fort Collins, Colorado. There is significant value-add potential and relatively low percentage of park-owned homes. – The community is serviced by municipal water/sewer and billed back to the tenants at a flat rate of $80 per month for tenant owned homes and usage amount for the home renters. – Current owners purchased the community in December 2021 with 55 vacant sites. After their first home order, 34 empty sites remain. Demand has been impressive and they have successfully rented most rent-ready homes within one month of obtaining certificates of occupancy. Occupancy as of January 2025 is up to 74% (115 sites), an increase of 13% from October 2022. – Along with strong demographics and lack of affordable housing in the area, this presents a significant value-add opportunity for a potential buyer. Increasing occupancy by 15% (23 sites) would add over $90,000 of annual site rental revenue for a new owner. – The offering includes 25 homes, of which 23 are 2022 homes that were recently brought in and two are ones that were acquired from the RTO pool. 20 of the 25 homes are occupied as of today. – There are 31 home notes that will be sold with the community with a current balance of approximately $511,000 with an average interest rate of 10.84% and remaining term of 4.34 years. – The community has 144 storage units available for rent, of which 132 are currently occupied paying an average of $53 per month. – The community has an attractive layout with a subdivision feel featuring off-street parking, paved roads, and spacious lots. – Within a five-mile radius of the community, the average household income is $75,912 and expected to rise to $88,131 by 2029. Average home values within the same radius are $281,315 and expected to rise to $286,578 by 2029.