Capstone Manufactured Housing is pleased to present Cherokee
Camper Park, a 199-site MH/RV community located in Cedar Bluff, Alabama. Cedar
Bluff is known for its ideal position on Weiss Lake, which is a major
attraction for tourists and vacationers. Residents at Cherokee Camper Park
enjoy lakeside living, as the 21-acre community has significant waterfront
access with boat docks and a boat ramp. During the off-season, residents can
park their boat at the onsite boat storage facility, which is currently 100%
occupied. Outside of the boating amenities, there is a newly renovated swimming
pool, a pavilion, and bath house. The community consists of 33 MH sites and 166
RV sites, and as a key highlight, all the RV sites are rented out on a
long-term basis. This allows the owners to operate the park more similarly to a
manufactured housing community, and there is little risk of turnover.
Furthermore, the entire community is 98% occupied, with only 1 vacant site. This
offering presents the ideal opportunity to acquire a stabilized asset, with
several operational efficiencies and waterfront accessibility to Weiss Lake.