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$129,000   Price Analysis
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1008 W 1st St
Muncie, IN 47305
5 bed 3 bath 2,120 SqFt ($60/SqFt)
5,227SqFt lot. Built 1910
Listed 2024-03-08, Taxes $703
Ⓧ USDA Ineligible
due to location

near Muncie

GREAT INVESTMENT PROPERTY!

* No Longer For Sale *
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TRI-PLEX. This nice 3 unit property has lots of updates and a convenient location close to Ivy Tech, Ball State and downtown Muncie. Some of the updates include newer vinyl siding, ele ctrical, plumbing, interior remodeling and replacement windows.

The are 2- two bedroom units. Rents are $500 and $660. And 1- one bedrom unit that rents for $523. Tenants pay utilities. Off street parking in back of home. Move-in ready and instant cash flow!


Presented by Davis Joann at
F.C. Tucker Muncie, REALTORS.
Listing Agent Photo

Property MLS #202407571 from IRMLS

Bedrooms: 5

Total Bathrooms: 3 / 0
Full Bathrooms: 3

# of Dishwashers: 1

Cooling Features: Central Air, Window
Heating Features: Gas, Baseboard, Forced Air

Furnished Description: Lease
Flooring: Carpet, Laminate, Vinyl

Basement Description: Crawl, Partial Basement, Unfinished

Lot Description: Level
Lot Size Acres: 0.1199954
Lot Size Dimensions: 43X125
Lot Size Square Feet: 5227

Garage Spaces: 3
Garage Description: Off Street, Street

Number of Buildings: 1
Number of Units: 3
Number of 1 Bedroom Units: 1
Number of 2 Bedroom Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Rooms in Unit-1: 4
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 3
Unit 1 Total Actual Rent: 500
Unit 2 Total Actual Rent: 660
Unit 3 Total Actual Rent: 523

Elementary School: Southview
High School: Central
Middle School: Southside
School District: Muncie Community Schools

South View Elementary School is a public elementary school located approximately 1 miles away.
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Muncie Central High School is a public high school located approximately 1 miles away.
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Northside Middle School is a public middle school located approximately 2 miles away.
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Saint Mary School is a private elementary and middle school located approximately 1 miles away.
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Income Includes: 20196
Lease Term: 1 Year, Month to Month
Tenant Pays: Cooling, Electric, Heating, Sewer, Water

Community Features: Basement, Ceiling Fan, Off Street Parking, Cable Ready, Countertops-Laminate, Detector-Smoke, Porch Open, Water Heater Gas

Source Listing Status: Sold
County: Delaware County
Directions: Kilgore to 1st Street, east to property
Tax Year: 2024
Source Property Type: INVESTMENT
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Owner Pays: Lawn Maintenance
Parcel Number: 18-11-16-179-016.000-003
Property Location: City/Town/Suburb, Historic District, Near College Campus
Township: Center
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$24,500 + $5,300
$29,800
$703
2020$23,500 + $5,300
$28,800
$684
2019$23,500 + $5,300
$28,800
$684
2018$22,400 + $5,300
$27,700
$716
2017$10,500 + $5,300
$15,800
$670
2017$22,800 + $5,300
$28,100
$670
2016$12,700 + $5,300
$18,000
$424
2015$11,900 + $5,100
$17,000
$432
2013$11,400 + $4,900
$16,300
$803
2012$12,300 + $5,000
$17,300
$886
2011$43,100 + $6,500
$49,600
$2,183
2010$61,500 + $6,500
$68,000
$840

Sold 2024-05-21
$124,500
IRMLS
Listed 2024-03-08
$129,000
IRMLS
Listing removed 2023-04-28
$550
MIBOR
Listing removed 2023-04-27
$550
MIBOR
Price Changed for rent 2023-03-22
$550
MIBOR
Price Changed for rent 2023-03-16
$649
MIBOR
Listed for rent 2023-02-28
$700
MIBOR
Sold 2022-03-15
$90,000
IRMLS
Relisted 2022-03-03
$89,900
IRMLS
Listing removed 2022-01-19
$89,900
IRMLS
Listed 2022-01-17
$89,900
IRMLS
Listing removed 2015-12-16
$12,000
SouthBend
Listed 2015-06-29
$12,000
SouthBend
Listing removed 2015-05-06
$12,000
SouthBend
Price Changed 2015-01-06
$12,000
SouthBend
Price Changed 2014-12-09
$15,000
SouthBend
Price Changed 2014-06-11
$22,000
SouthBend
Listed 2014-02-21
$25,000
SouthBend

Net Operating Income: 20196

Total Square Feet Living: 2120
Year Built: 1910
Above Grade Finished Area: 2120
Below Grade Unfinished Area: 416
Construction Materials: Block
Property Age: 114
Roof: Asphalt
Levels or Stories: 1.5
Structure Type: Triplex
House Style: One and Half Story
Total Area Main: 1268
Total Area Sqft: 2536
Total Area Upper: 852
Total Below Grade Area: 416
Architectural Style: Traditional

Sewer: City
City

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.