10% Cap Rate Investment – 100% Occupancy Located on Highway 59 in the heart of Summerdale, this 2.3-acre property is zoned B-2 (Commercial Business) and offers high visibility and strong traffic counts. The property includes eight cottages/tiny homes (ten rental units total) with approximately 5,900 square feet of rentable space. All units are furnished and leased on a weekly basis. Riviera provides electricity, Point Broadband provides internet, and the Town of Summerdale provides water and sewer. Although the property is currently 100% occupied, a 10% vacancy expense has been applied in the underwriting to reflect realistic long-term performance and to calculate the stated 10% cap rate. Financials (Annual) Insurance: $10,800 Taxes: $3,850 Utilities: $26,000 Landscaping: $2,100 General Maintenance & Repairs: $9,048 Vacancy (Hypothetical 10%): $18,096 Property Breakdown Building 1 (Triplex, c. 1943 / former Summerdale Post Office) Approx. 1,543 sq. ft. total Unit 1A: ~700 sq. ft., rents $320/week (potential $400/week with renovation) Units 1B & 1C: ~400 sq. ft. each, rent $320/week Cottage 2 – 3BR/1BA, ~1,042 sq. ft. | Renovated 2017 | Tenant since 2022 Cottage 3 – 1BR/1BA, ~435 sq. ft. | Renovated 2024 | Tenant in place Cottage 4 – Studio, ~224 sq. ft. | $260/week | Tenant since 2021 Cottage 5 – 2BR/1BA, ~710 sq. ft. | Renovated 2022 Cottage 6 – 1BR/1BA, ~540 sq. ft. | Tenant since 2017 Cottage 7 – 1BR/1BA, ~480 sq. ft. | Renovated 2018 | Tenant since 2019 Cottage 8 – 2BR/1BA, ~685 sq. ft. | Renovated 2023 Laundry Facility – ~144 sq. ft., currently free to tenants. Potential for revenue if converted to coin-operated. Investment Highlights 10% Cap Rate calculated with 10% vacancy factor Current 100% occupancy and consistent rental performance Highway 59 frontage with strong visibility and traffic counts Value-add potential through rent increases and laundry conversion All information deemed reliable but not guaranteed. Buyer or buyer’s agent to verify all details. Foundation for Cottages is Crawl space with cement piers. Exterior is Hardy board board mostly, some cedar lap siding and one that is vinyl siding. All cottages have heat & A/C with metal roofs.