Four Seasons Campground is a 94 lot campground investment located at Indian Lake, Ohio. The campground boasts many amenities including full hook-ups, swimming pool, laundry facility, mens/womens shower house, picnic area, basketball court, playground and has the only enlcosed recreation building of all the campgrounds at Indian Lake.
In addition, the campground has 22 boat lots which allow campers to park their boats at the campground. It's location is desirable as it is right across the road from one of 5 state boat ramps and is also close to many restaurants, shopping establishments and the beach.
FOUR SEASONS CAMPGROUND
This investment was purchased on a 5 year land contract with the option to pay off the land contract at any point within the 5 years. The property was a distressed asset as the previous two owners had not put much back into the property to keep it up to par with the market.
Therefore, we immediately made many improvements including: pool mechanicals, fencing, property signage, shower house and recreation building renovation, all new electric pedestals, playground, basketball hoop and much more.
As a result, we were able to immediately increase rents by 33% and still have more room to increase to market. All investors received well above their agreed Preferred Returns as well as received their entire initial investment back within 2.5 years of purchase and are still receiving their Preferred Returns.
DEAL STORY
