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Capstone Manufactured Housing is pleased to present White
River Estates, a 198-site community situated in Muncie, IN. This community
provides a tremendous value-add opportunity for an incoming investor based on
the current asset profile and supporting market demand and comps. Nearby Muncie
communities, owned by some of the largest operators in the sector, maintain an average occupancy close to 90% with an average
lot rent of $365, compared to the 22% occupancy and $267 lot rent at White
River Estates. With strong market demand, public utilities, considerable scale,
and the ability to revitalize the community through operational efficiencies
and infill, this offering presents a one-of-a-kind opportunity to capitalize on
a turnaround investment.

Investment Highlights:

Lot Rent $100 Below Market

City Water/Sewer

Substantial Infill Opportunity

Proven Market Demand

Minimal Park-Owned Homes

Upside In Filling Vacancy

  • Address 1110 S Burlington Dr.
  • City Muncie
  • State/county Indiana
  • Zip/Postal Code 47302

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