1618 E 24th ST Active Save Request In-Person Tour Request Virtual Tour
Muncie,IN 47302
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 936 sqft
Price per Sqft $106
Subdivision No Subdivision
MLS Listing ID 22027142
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1956
Tax Year 2023
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Single Family Residence
Property Description
Cash flowing 2 bed 1 bath home on Muncie's Southside. Updated 2/1 completed in 2022, new flooring in living room and kitchen, updated appliances and fresh paint inside and out. Current rent is $1190 a month at 20% down return is 9% annualized. $100 rent increase makes that return 14%. Proforma snapshot included in documents. Tenant pays all utilities. Economic growth remains steady with strong housing demand per Indiana Business review. "The most recent forecast from Indiana University's Center for Econometric Model Research shows employment growth of 1.89% over the next two years (2023 Q4 to 2025 Q4).8 Personal income is expected to increase 3.4% through 2027". Property is being offered as part of a 2 unit package, 2nd property is at 1619 E 20th. An additional 4 unit package is also available, addresses and financials included in attached documents. Seller will not work with wholesalers or consider creative finance options. Reach out to listing agent for more information or to arrange showings. Proof of funds and 24hr notice required for all showings.
Location
State IN
County Delaware
Rooms
Main Level Bedrooms 2
Interior
Interior Features Hardwood Floors,Screens Complete,Storms Complete,Window Metal,WoodWorkStain/Painted
Heating Electric
Cooling Central Electric
Fireplace Y
Appliance Electric Oven,Refrigerator,Water Heater
Building
Story One
Foundation Crawl Space
Water Municipal/City
Architectural Style TraditonalAmerican
Structure Type Aluminum Siding,Wood
New Construction false
Schools
School District Muncie Community Schools