1115 E 18TH ST Muncie IN 47302

**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.

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

· Opportunity to fill the vacant inventory homes

· City Water & City Sewer

· Onsite Manager In-Place