$85,000
For Sale

402 W 7th Street

Muncie, IN 47302
Listing OfficeKeller Williams Indpls Metro N
Browse 10 photos
Type:Multi-Family
Structure:4 Family
Zone:Residential

Description

Investor Alert! Discover a remarkable investment package conveniently located near downtown Muncie. Part of a broader offering of 19 units across 7 properties on 5 parcels (totaling $538K), this particular deal is a package of two duplexes on the same parcel for a total of 4 units. Buy only these properties, combine them with other listings, or acquire the entire portfolio. Flexibility is yours. The first duplex is situated at 1323-1325 W Liberty St and the second is located at 400-402 W 7th St, with a shared oversized 1 car garage between the two. They are both single level properties and all units features 1 bedroom and 1 bathroom, with electricity and gas separately metered. Water/sewer are currently on a shared meter, presenting an opportunity for utility restructuring to add additional value and enhance your ROI. Both properties need extensive work and are currently boarded up. All properties in this portfolio are vacant, offering a blank canvas for renovations. Condition levels vary, and the pricing reflects their as-is status-giving savvy investors a prime opportunity to add value and maximize returns. Located within about one mile of each other in and around downtown Muncie, these homes also benefit from convenient access to local amenities and public transportation, further enhancing rental demand. Whether you're looking to expand your portfolio with cash-flowing rentals or prefer a flip strategy, this package provides a golden chance to invest in a rapidly improving area. Don't miss out on these versatile properties-capitalize on this unique opportunity and grow your real estate portfolio today!

  • Property Details
      • School DistrictMuncie Community Schools
      • SubdivisionNo Subdivision
      • Property TypeMulti-Family
      • Structure TypeQuadruplex
      • CountyDelaware
      • MLS #22017122
      • Property SubtypeFourplex
      • MLS #22017122
      • Original List Price$85,000
      • Cost85000
      • Property ConditionFixer
      • Acres0.18
      • Year Built1924
      • Parking Spaces1

Location

Bernie GoodmanGoodman Group

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Interest Rate

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6.0%

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2.6%
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