Marcus & Millichap is pleased to present American and Redwood mobile home parks. The communities are located in Muncie, Indiana, two miles apart and consist of 63 total sites. The unit-mix includes 21 tenant owned and occupied units, 34 park owned and occupied units, one leased single-family home, three vacant apartments, one leased commercial building, one unit currently used as an office for the owner and two lots available for lease. The parks are managed and maintained by an on-site manager. Additionally, the parks are on city services and have paved roads. The price for both parks is $800,000. There are also 34 park owned homes which generate an additional $96,000 in rental income for the owner. The park owned home inventory along with the mobile home park business and additional $96,000 income can be negotiated separetely with the owner.

Muncie is known as and has been named the most affordable housing market in the state of Indiana and the ninth most affordable in the United States. The average commute time to work in Muncie is 17 minutes, 53 percent below the United States average.

Muncie-Delaware County has a city population of approximately 70,000 and a county population of approximately 115,200. Muncie is the regional hub for east-central Indiana.