Burlington
Mobile Home Community
Muncie, Indiana
Burlington Mobile Home Community is a 200 space value-add park located in Muncie, Indiana. This project is a medium-large scale project and represents a great opportunity for our investors.
Project Info
We are excited to present Burlington Mobile Home community as our newest investment offering. The site is comprised of 198 operational mobile home spaces that are situated on a well-established 35.11 acre parcel in Muncie, Indiana. Muncie serves as a workforce feeder town to many neighboring industries and is located a little over 1-hour northeast of Indianapolis, Indiana.
Upon acquisition, we will engage our own vertically integrated on-site property management, repair the dated infrastructure, enforce strict park rules and bring in a substantial number of new or used tenant owned homes. The lot rents are also currently below market rate. We will dramatically increase the NOI by bringing these rents up to market rate as we simultaneously add value to the park by upgrading the infrastructure.
Project Name: Burlington Mobile Home Community
Location: Muncie, Indiana
Asset Type: Mobile Home Community
Licensed Spaces: 200
Operational Spaces: 198
Property Management: Vertical / Push Property REI LLC
Under Contract: Yes
Acquisition Type: Straight Sale
Equity Partner: Pending
Closing Date: Pending
Project Stabilization: 60 Months
Invest With Us
Interested in investing? North Peak Development offers a variety investment options at different phases of each project. Click on the button below to be taken to our investment portal, or read below to understand how each phase works.
Additional Mobile Home Projects
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