RARE OPPORTUNITY: TURNKEY 14-UNIT RESIDENTIAL INCOME PORTFOLIO ON 52 PRIME ACRES Fairgrounds Communities presents an exceptional investment opportunity combining immediate cash flow, outstanding operational efficiency, and significant development potential. This fully operational 14-unit residential income property is strategically positioned on 52 acres with prime frontage on Fairgrounds Road near Highway 51. PROPERTY OVERVIEW • 14 Income-Producing Rental Units (13 single-family homes + 1 duplex) • Total Building Area: 9,485 square feet • Lot Size: 52 acres with high traffic/commercial road frontage • Current Occupancy: 92.9% (13 of 14 units rented) • Property Type: Stabilized residential income with value-add potential • Location: Prime frontage on Fairgrounds Road near Highway 51 EXCEPTIONAL FINANCIAL PERFORMANCE • Annual Gross Income: $100,057 (2025 actual) • Net Operating Income: $84,001 • Cap Rate: 4.00% - Competitive for residential income with land value component • Expense Ratio: 16% - Exceptionally low, well below industry average of 35-45% • Monthly Operating Expenses: Only $1,338 • Cash Flow Efficiency: 84% of gross income flows to NOI • Price per Unit: $150,000 • Asking Price: $2,100,000 UNIT MIX & RENTAL RATES • 6 One-Bedroom Units (1 bath each) - $600/month • 8 Two-Bedroom Units (1 bath each) - $800/month • Total: 14 units across 13 single-family homes and 1 duplex • Construction: Primarily single-story (one 2-story unit) • Average Unit Size: 677 square feet PROPERTY FEATURES & AMENITIES • Large stocked fishing pond - unique amenity for tenants • Prime location on Fairgrounds Road • Excellent access near Highway 51 - major transportation corridor • Rental community with stable tenant base • On-site parking for all units • Mostly single-story construction for easy maintenance TECHNOLOGY & SYSTEMS - SIGNIFICANT COMPETITIVE ADVANTAGE The seller has invested substantially in creating a professional, technology-driven property management operation that transfers completely to the new owner. This infrastructure provides immediate operational capability and represents significant added value: Innago Property Management Platform: • Cloud-based system accessible from anywhere • Complete accounting and financial reporting • Automated rent collection and payment processing • Online tenant application and screening • Digital lease signing and document management • Maintenance request tracking and vendor management • Tenant communication portal • Mobile app for iOS and Android • All 14 units fully configured with complete history • Financial records, lease documents, and tenant data organized • Scalable platform ready for additional units Professional Website (FairgroundsCommunities.com): • Custom property website with professional design • Integrated tenant portal • Vacancy listings and online applications • Property information and photos • Contact forms and inquiry management • SEO optimized for local search • Hosting and domain transfer included Business Phone System: • Dedicated business phone number • Professional voicemail and call routing • Established contact number for tenants • Continuity for existing tenant communications Combined Value: These systems represent a capital investment of $5,000-$10,000+ in setup, configuration, and ongoing subscriptions. The new owner receives this complete infrastructure, enabling immediate operations without the typical startup phase required when acquiring rental properties. Operational Impact: This technology infrastructure is a key contributor to the exceptional 16% expense ratio. Automated processes reduce management time, minimize errors, improve tenant satisfaction, and decrease operational costs. The new owner can manage the property efficiently from day one, whether on-site or remotely. SIGNIFICANT UPSIDE POTENTIAL • Immediate Opportunity: Fill 1 current vacancy to increase NOI to $91,201+ (4.34% cap rate) • Value-Add Project: Vacant 4-unit, 2-story apartment building on-site ready for restoration • Rent Growth: Current rents are conservative with room for increases • Land Development: 52 acres total, 40 acres undeveloped land provides substantial expansion opportunities • Pro-Forma Performance: 4.34%-4.46% cap rate at full occupancy INVESTMENT HIGHLIGHTS • Turnkey cash-flowing investment with immediate income • Exceptional 16% expense ratio demonstrates operational excellence • Stable 93% occupancy proves consistent tenant demand • Diversified income stream across 14 separate units • Strong location with highway access and visibility • Significant land value component (52 acres) • Multiple value-add opportunities for increased returns • Ideal for 1031 exchange buyers PROPERTY WEBSITE For additional photos and information, visit: https://FairgroundsCommunities.com OFFERING TERMS • Asking Price: $2,100,000 • Earnest Money Deposit: $63,000 (3% ) • Due Diligence Period: 45 days • Closing Period: 30 days after due diligence • Broker Co-op: Yes (2% to buyer's agent) Showings by appointment only. Proof of funds or pre-approval required.