MUNCIE, IN 47302

Property Details

• Property Type: Duplex
• Total Bedrooms: 5
• Total Bathrooms: 2
• Living Area: 2,548 SqFt
• Lot Size: 6,534 SqFt
• Year Built: 1954
• Separate entrances for each unit
• Unit Breakdown & Rental Income
• Unit 1: 3 Bedrooms / 1 Bathroom
• Current Rent: $1,200/month
• Potential Section 8 Rent: Approximately $1,800/month
• Unit 2: 2 Bedrooms / 1 Bathroom
• Current Rent: $750/month
• Potential Section 8 Rent: Approximately $1,200/month
• Total Current Rent: $1,950/month
• Potential Total Rent: Approximately $3,000/month

Condition & Improvements

• Structurally sound, according to the provided information
• Cosmetic updates needed
• Furnace replaced
• A/C replaced
• Part of the electrical system replaced
• Sewer cleanout completed approximately 2 years ago
• Long-term tenants in place
• Leases run through February 2027

Comparable Properties

• 429 W Charles St, Muncie, IN 47305
• 826 W Main St, Muncie, IN 47305
• 211 S Liberty St, Muncie, IN 47305
• 421 S Talley Ave, Muncie, IN 47303
• Deal Sheet:https://docs.google.com/document/d/1xHp-zKf_Zjz6uheR03jWHKSEnaD3MSQ_YARz6LSxzAU/edit?usp=sharing

Purchase Terms

• Sold As-Is
• Cash or Hard Money Only
• Seller selects the escrow/title company
• Buyer pays all closing costs
• Realtors and wholesalers may add their commission
• Buyer to complete inspections and due diligence before contract execution
• For inquiries, please text or call 623-498-2126.