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Listed by Peter Stewart • Keller Williams Indpls Metro N
$ 85,000
Est. payment /mo
Active
402 W 7th ST Muncie, IN 47302
7,840 Sqft Lot
UPDATED:
01/10/2025 05:05 PM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22017122
Year Built 1924
Tax Year 2023
Lot Size 7,840 Sqft
Acres 0.18
Property 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!
Location
State IN
County Delaware
Interior
Heating Forced Air
Cooling None
Fireplace N
Exterior
Garage Spaces 1.0
View Y/N false
Building
Story One
Architectural Style Ranch, TraditonalAmerican
New Construction false
Schools
School District Muncie Community Schools
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