20% CAP RATE🏑🏑🏑DEEP DISCOUNT for 3 Pack-Portfolio- 2 🏑 are Cash πŸ’° Flowing πŸƒ4 DOORS IN ALL $205,000-- May be Purchased Individually

Delaware County, Muncie, IN, 47302
Sold
Listed at: October 25th, 2022
Price
$205,000
Sq. Footage
1797
Type
Multifamily
Parking
Driveway
Year build
1902
Lot size
0.11 acres
Bedrooms
4
Bathrooms
3
Half Bathrooms
0
Summary

*Discount Package Price OR Can be Purchased individually or a package of 2

3 pack portfolio in Muncie Rental Income + Anticipated Rental Income = $3185

  • 1200 N Central Ave, Muncie, IN 47303
  • Updated 3/1 SFH
  • Cash-flowing $925
  • All been updated in the past year and tenants placed in the past few months
  • We can recommend a couple Property Managers, if necessary
  1. Address: 1200 N Central Ave Muncie, IN 47303
  2. Square Feet: 1,040 Lot Size: 7,200
  3. Bedrooms: 3 Bathrooms: 1
  4. Property Type: Home Year Built: 1996
  5. Const. Type: Wood Frame

________________________________________

  • 1315 S. May Ave. Muncie, IN
  • 2/1 SFH
  • 1096 sqft
  • Yr: 1937
  • 6400 sqft lot
  • 266 sqft Attached Garage
  • Cash-flowing $820/mo
  • Pics were taken 2 weeks before the end of rehab

The interior was done, but it does not show the repairs that were made to the exterior (which looks better now) as well as the repairs in the garage and the utility room!

____________________________________________________________

  • The 3rd property is a Duplex with many updates
  • Located at 1303 S. Elm St. Muncie, IN
  • This has a 4/2 with anticipated income of $950/mo-$1250/mo and a 1/1 with anticipated income of $490/mo


  1. Address:1303 S Elm St Muncie, IN 47302
  2. Square Feet:1,797 Lot Size: 5,002
  3. Bedrooms: 5 Bathrooms: 3
  4. 882 sqft Basement
  5. Property Type: Duplex------Year Built: 1902
  6. Remodeled within Past 1-2 yrs
  7. Const. Type: Wood Frame


  • When ALL 3 Properties (4 Units) are Rented--> $38,200-$41,820/annually
  • Over a 20% Return (CAP) Rate 🀯
  • Room to Update/Upgrade
  • *All 3 Properties have been updated to some degree*


☏ Call/Text πŸ“± Jamie to get More Info πŸ€” or to Schedule πŸ‘€ Tour!

πŸ‘‰ 317-610-9834


If you have any further questions or would like more information feel free to text me at 317-610-9834. Thanks for Your Time, Acquire JDF Jamie Franklin
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Jamie Franklin

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