$375,000 Price Analysis    ♡   Muncie, IN 47305 5 bed 5 bath 5,712 SqFt ($65/SqFt) 0.55 acre lot. Built 1941 Listed 2024-03-06 | Ⓧ USDA Ineligible due to location near Muncie |
5 total Units for sale
Located on the Southwest side of Muncie. 3 separate buildings on 2 parcels are being sold together. This sale inclu des a free-standing home on the North (888 SF), a duplex in the middle (2304 SF, South of the house) and a 2-story duplex (2520 SF) South of the middle duplex with access off 27th St. Total 5 Unit Rent is currently $3, 656/month. 2024 EBITDA is ~$30, 000. Details of Rents -- 3620 W 26th : occupied. $639.00 monthly Rent/Insurance.
2Bed 1BA. | 3623 W 26th- occupied. $836.00 monthly. Rent/water/sewage/trash (the tenant pays a monthly flat fee towards these other utilities and expenses). 2 Bed 1 BA. | 3624 W 26th- occupied. $895.00 monthly. Rent/wter/sewage/trash/insurance. 2 Bed 1BA. | 3627 W 26th- occupied. $935.00 monthly. Rent/water/sewage/trash/insurance. 2 Bed 1 BA. | 3629 W 26th- occupied. $745.00 monthly. Rent/Insurance. 1 Bed 1BA. Tenants pay their own electric and gas. 12 Month Cash flow Statement and copies of leases are available. Tenants provide their own washer and dryers EXCEPT for 3629 W 26th. Parcels sold are 181130226-001000002 and 181130226-013000002.
Presented by Steve Slavin at
Coldwell Banker Real Estate Group - Muncie.
Property MLS #202407181 from IRMLS
Full Bathrooms: 5
Fuel Expense: 1656
Heating Features: Electricity, Forced Air, Multiple Heating Systems
Ceiling Fan
High Efficiency Furnace
HVAC (13 Seer)
Flooring: Carpet, Wood, Vinyl
Lot Size Acres: 0.55
Lot Size Dimensions: 273x85
Lot Size Square Feet: 23958
Garage Spaces: 8
Garage Description: Gravel, Private
Number of Units: 5
Number of Studio Units: 5
Number of 1 Bedroom Units: 2
Number of 2 Bedroom Units: 3
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 3
Total Rooms in Unit-3: 4
Total Rooms in Unit-4: 4
Total Rooms in Unit-5: 4
Unit-1 Square Feet: 888
Unit-2 Square Feet: 888
Unit-3 Square Feet: 1416
Unit-4 Square Feet: 1260
Unit-5 Square Feet: 1260
Unit 1 Total Actual Rent: 836
Unit 2 Total Actual Rent: 745
Unit 3 Total Actual Rent: 935
Unit 4 Total Actual Rent: 639
Unit 5 Total Actual Rent: 895
High School: Central
Middle School: Northside
School District: Muncie Community Schools
Map directions Map directions Map directions Map directionsLease Term: 1 Year, Renewal Options
Tenant Pays: Electric, Water
Source Listing Status: Active
County: Delaware County
Cross Street: Tillotson Ave
Directions: Tillotson Ave South over the White River, past the County Jail, W on 26th St.
Tax Year: 2023
Restrictions: No
Source Property Type: INVESTMENT
Insurance Expense: 2100
Source Neighborhood: Middletown Park
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 5
Number of Separate Water Meters: 5
Owner Pays: Maintenance, Sewer, Trash Collection
Parcel Number: 18-11-30-226-001.000-002
Property Location: City/Town/Suburb
Subdivision: Middletown Park
Township: Center
Trash Expense: 250
Lot Number: 38
Source System Name: C2C
$375,000
IRMLS
Year Built: 1941
Above Grade Finished Area: 5712
Property Age: 83
Roof: Asphalt, Shingle
Levels or Stories: 2
Structure Type: Duplex
House Style: Two Story
Total Area Main: 4452
Total Area Sqft: 5712
Total Area Upper: 1260
Architectural Style: Ranch, Traditional, Cabin/Cottage
City
Water Sewer Expense: 1344
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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.