Well maintained 20 space park in Muncie Indiana. The park is on city water and city sewer that is billed back to the tenants. The road is in above average condition. The trees have been recently trimmed.

The NOI for just the park lot income for 2020 was $50,848. The annualized 2021 NOI is estimated to be $50,920. Lot rent increases to $325 on 9/1/21. The proforma NOI for 2022 is $65,282.

There are 17 tenants, 12 TOH and 5 POH on a rent credit program and 1 vacant POH. There is one vacant lot.

The annual income from the 5 park owned homes is $32,400. The 6 park owned homes are valued at an estimated $60,000.

Please contact he seller for the address.

Price includes all park owned homes. All offers will be considered.