Paradise Lane Mobile Home Community is a well-established affordable housing community set on a generous 6.91-acre parcel in Williamston, NC with 100% occupancy and 9.4% Cap Rate $7,825 Monthly Gross Income (post-June 2026 increases) 9 Total Lots 6.91 acres 100% Occupancy All park-owned with titles & spec sheets available Owner Financing Available with minimum 30% cash down Property Overview Paradise Lane Mobile Home Community is a well-established affordable housing community set on a generous 6.91-acre parcel in Williamston, NC. The expansive site provides ample spacing between lots and presents long-term optionality for infill development or additional structures. With 9 lots at 100% occupancy, the community serves a persistent and growing demand for quality affordable housing in Martin County, generating consistent, recession-resilient income. Construction & Quality Class 3 Wind Rating — 8 homes carry a Class 3 wind and climate rating, reflecting top-tier structural integrity and exterior appearance. Level 1 — Highest Standard — 1 home meets Level 1, the highest standard in manufactured housing. Full Fire Suppression — All 9 homes have fire suppression systems installed, reducing insurance risk and improving asset quality. Park-Owned Homes — All homes are personal property owned by the park. Titles and spec sheets available for each unit. 4x4 Storage Unit for Each Unit — providing tenants with convenient, secure storage space and adding a practical amenity Open-Air Storage Shed — Covered open-air storage shed with electrical service, a convenient facility for owner use. Workshop — Dedicated workshop building with air conditioning and full electrical service, suitable for maintenance, operations, or potential income use. Infrastructure Water Community well with pressure-stable water service, fully independent of municipal rates. Owner-controlled supply provides a built-in hedge against rising utility costs across North Carolina. Sewer Individual private septic system per lot. No shared leach field, no community lagoon, and no cross-lot liability. Electric Separately metered per unit. Tenants pay their own electric bills, fully insulating the owner from utility cost exposure. Value-Add Investment Thesis Immediate Income — $7,825/month gross income following rent increases across all units in June 2026. Land Optionality — At 6.91 acres with only 9 lots, the low improvement-to-land ratio offers significant room to add lots or structures without acquiring new land. Owner-Controlled Water — Independence from municipal pricing protects NOI against rising utility costs. Recession-Resilient Cash Flow — Affordable workforce housing sustains persistent demand regardless of economic cycle. Low Expense Structure — Minimal operating expenses, low taxes, and tenant leases requiring tenants to cover minimum repairs. High CAP Rate Potential — Strong occupancy, low expenses, and below-market rents create meaningful upside. Market & Location Williamston is the county seat of Martin County, NC, with a population of approximately 5,000. The local economy is anchored by healthcare, manufacturing, and food service sectors that sustain steady demand for affordable workforce housing. With a median household income near $40,000 and a poverty rate exceeding 30%, quality rental housing remains chronically undersupplied, directly supporting 100% occupancy at Paradise Lane. The community sits along the US Highway 17 corridor with convenient connectivity to Washington, Greenville, and Rocky Mount. Transaction Terms Owner Financing — Seller will consider financing with a minimum of 30% cash down. Title Documentation — All homes are park-owned personal property. Titles and spec sheets available upon request. Tenant Leases — Lease agreements require tenants to pay minimum repairs, reducing ongoing owner expense.