IN > Muncie > No Subdivision
Muncie, IN 47302,1618 E 24th ST
Muncie, IN 47302,1618 E 24th ST
Muncie, IN 47302,1618 E 24th ST
Muncie, IN 47302,1618 E 24th ST
Muncie, IN 47302,1618 E 24th ST
Muncie, IN 47302,1618 E 24th ST
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Jennifer Podgorny

Jennifer Podgorny

+1(219) 613-3838
Listed by Richard Graham • Fair Market Value Investment Sales
$ 100,000
Est. payment | /mo

2 Beds

1 Bath

936 SqFt

Save
$ 100,000
Est. payment | /mo
Save

2 Beds

1 Bath

936 SqFt

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

MIBOR MLS
© 2025 Listings courtesy of MIBOR as distributed by MLS GRID. All Rights Reserved.
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+1(219) 613-3838

jennifer@soldwithjennifer.com

7512 Fawn Valley Dr, Schererville, IN, 46375, USA

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1618 E 24th ST