$105,000 · MUNCIE, IN 47302
Flippers would lose money

Available

$105,000Asking price

5 bd · 2 ba · 2,548 sq ft · built 1950

MUNCIE, IN 47302

No contract on file

via InvestorLift Classic

7 views · listed Oct 26

Flippers would lose money

The Numbers

Sells for (ARV)From the listing: $162,000
Asking price: −$105,000
RepairsMiddle of the seller’s $40,000 – $80,000. Ours: $32,000 – $67,000: −$60,000
Loan, holding, closing20% down, 12% interest, 2 points, 84 days: −$12,010
Profit−9.3% of ARV · flippers want 10%+: −$15,010
Loses money

Works for a flipper at $75,000 or less.

OFFERPROP LLC

OfferProp

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Comps

ARV $162,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $136,000.

The sales behind this value are shown to members.

ARV $162,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

OFFERPROP LLC

OfferProp

No reviews yet

Seller Description

MUNCIE, IN CASH-FLOWING DUPLEX | TENANTS IN PLACE | SECTION 8 UPSIDE

Asking Price: $105,000Estimated ARV: $162,000 - $198,000Closing: November 16, 2026

Solid two-unit duplex with long-term tenants already in place - this one is producing income from day one with serious upside on the rent roll. Strong value-add play for the buy-and-hold investor looking to stabilize and scale.

Property Snapshot

Property Type: Multi-Family (Duplex)Unit 1: 3 Bed / 1 Bath | Current Rent: $1,200/mo | Est. Section 8: $1,800/moUnit 2: 2 Bed / 1 Bath | Current Rent: $750/mo | Est. Section 8: $1,200/moLiving Area: 2,548 Sq FtLeases Through: February 2027Current Gross Income: $1,950/mo | Potential: $3,000/mo

Condition Overview

Structurally sound with good bones. Seller has already replaced the furnace, AC unit, and portions of the electrical system. Sewer cleanout installed in backyard ~2 years ago. Cosmetic updates needed - buyer to verify all systems and condition during due diligence.

Why This Deal Works

- Immediate cash flow - both units occupied through Feb 2027- $1,050/mo rent upside potential via Section 8 conversion- Key mechanicals already updated (HVAC, electrical, sewer cleanout)- Separate entrances - true duplex setup

Ideal for: Buy & Hold, BRRRR, Section 8 / Voucher Strategy

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Disclosure: We are marketing our equitable interest in a Purchase and Sale Agreement. We are not the owners of the property, and this is not an offer to sell real estate. OfferProp participates in transactions as a principal, JV participant, or contractual interest holder where permitted. We do not act as a real estate broker, agent, or fiduciary unless expressly agreed in a separate, written, licensed brokerage agreement. Many opportunities involve assignment, novation, double closing, or other transfers of contractual rights or equitable interests, not the sale of real property by OfferProp LLC. Availability of services and required disclosures vary by state, property type, and transaction structure. No outcome, offer volume, pricing, or closing is guaranteed.