Circle Park

Capstone
Manufactured Housing is pleased to present Circle Park, a 49-Site community
located on Hamilton Lake in Hamilton, Indiana. The community features
waterfront accessibility and 54 boat docks, which are rented to both residents
and non-residents. Circle Park showcases several operational efficiencies,
including all resident-owned homes and public utilities. Water, Sewer, and
Trash are included in the rent, providing an opportunity to bill-back to the
residents. Additionally, the community is 100% occupied, and it is operated on
a seasonal basis. By March 1st, the residents pay upfront for the entire
season, which lasts between April 1st and October 31st. The upfront payment
eliminates any bad debt risk. Since the residents own their homes, the homes are
on-site for the entire year. The upfront payment averages to $162 per month,
which is significantly lower than the monthly rent for surrounding properties.
For example, the adjacent park boasts lot rents of $330, $168 higher than
Circle Park. A new owner can immediately realize increased income by
implementing an effective lot rent growth strategy. This offering presents the
unique opportunity to acquire a turn-key, lakefront community with multiple
avenues to increase cash flow.  

Tremendous Lot Rent Growth PotentialAll Resident-Owned Lot Rent Only ResidentsStabilized Turn-Key Asset Public Utilities with Opportunity to Bill-Back to ResidentsResidents Pay Upfront for The Entire Summer SeasonExcellent Waterfront LocationAdditional Income Stream Through Renting Boat Docks to Non-Residents Approved Redevelopment Opportunity for Condos