Char El Mobile Home Park

Char El Mobile Home Park

Gary, IN
  • Property Type: Manufactured Housing
  • Property Size: / 9± Acres / 53 Sites
  • Price: $2,900,000


Capstone is pleased to present Char El, a 53-site manufactured housing community in the Chicago MSA. The community benefits from a wide variety of operational efficiencies, such as public utilities and a majority of lot rent-only residents. Water, sewer, and trash are billed back to the residents, and in April, the community is increasing their trash fee to improve the recapture rate. The community is currently 92% occupied, with 3 new park-owned homes that the owners plan to have occupied in the next 30-60 days. Since they’ve employed such an effective lease-up and collections strategy, new investors can expect full stabilization and heightened cash flow by the time they take over. This offering presents the ideal opportunity to acquire a turn-key asset, with several operational efficiencies and lot rent upside.

Investment Highlights

  • Strategically Located in Chicago MSA
  • Public Utilities Billed Back to Residents
  • Stabilized, Turn-Key Asset
  • 100% Lot Rent Only, Resident-Owned Homes
  • Three Brand-New 2023 Homes on Site
  • Below-Market Lot Rents

Contact Information

Kevan Enger Managing Partner P: 407.494.8541
O: 800.261.9464 ext. 7004
Ian Hilpl Partner P: 315.406.0900
O: 800.261.9464 ext. 7008
Brian Hummell Director P: 614.318.5482
O: 800.261.9464 ext. 7011
Hunter LaRocca Senior Advisor P: 407.227.9643
O: 800.261.9464 ext. 7012