The Vass Estates Mobile Home Park portfolio (“Portfolio”) located in the North Carolina Southeast Area Submarket, 18 miles from Sanford and 22 miles from Spring Lake/Fayetteville. The Portfolio consists of two mobile home parks: one is located at 151 Wright Ct., Vass, NC (“Wright MHP”) and the second is located 0.4 miles away at 163 Jolinda Drive, Vass NC (Jolinda MHP”). Bank financing options are available upon request. Wright MHP consists of sixteen (16) park owned homes (5 are rent-to-own) located on 7.81 acres. Current monthly gross income is $11,100. Jolinda MHP consists of seventeen (17) park owned homes (1 home is vacant and 5 are rent-to-own) located on 8.24 acres. Current monthly gross income is $11,775. In 2024, the Portfolio net operating income was $176,206 (9.79% cap rate). Net operating income for 2025 is on track to meet or exceed 2024. The Portfolio is serviced by county water and septic tanks. Water and electricity are individually metered and paid for by tenants. The Portfolio’s use is grandfathered in. This means that the existing homes can be replaced, but there cannot be any expansion of use beyond thirty-three (33) pads.