ARCADIA MHC

**ARCADIA MHC - 1115 E 18th Street, Muncie, IN 47302** Discover a rare gem in Muncie, Indiana with the Arcadia Manufactured Housing Community.​ Priced at $700,000, this 20-site property presents an excellent investment opportunity in Delaware County.​ Boasting a current NOI of $57,025 and an impressive cap rate of 8.15%, this thriving community features city water and sewer services, with residents billed accordingly.​ With 70% occupancy and onsite management in place, the community offers room for growth and enhancement.​ Investment highlights include the potential to fill vacant homes, capitalize on city utilities, and leverage existing onsite management.​ Perfectly situated in a desirable neighborhood, the property offers a harmonious blend of convenience and potential.​ Don't miss out on this chance to own a piece of the Arcadia Manufactured Housing Community in Muncie, IN with immense possibilities for future growth and profitability.​

-

Community Video: https://youtu.​be/hQ7UJa3a4mw?si=LWVyY8SEqNU6ssSV

·         Opportunity to fill the vacant inventory homes

·         City Water & City Sewer

·         Onsite Manager In-Place