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$20k Reduction on Muncie Portfolio Package For Sale

  • $402,000

$20k Reduction on Muncie Portfolio Package

Discount Price $402k

Interested in having a portfolio or adding to your current portfolio? Here is a package of 6 Doors consisting of 2 SFHs and 2 duplexes. 3 doors are cash-flowing and 3 are vacant.  Current cash flow is $2695 with potential additional cash flow of $3352 based on Rentometer’s average rent in those areas for a Total Monthly Potential of $6047 all Rent Ready in under $5k TOTAL!!!

Ways to Generate Additional Revenue:

The 2 units on Lindweth are rented below avg market rent of $1575, the Avg Market Rent should be $2372. In addition, changing the 3/1 to a 3/2 increases avg monthly rent from $1134 to $1278 plus you can charge an additional amount for the use of the garage!

Muncie Portfolio Spreadsheet

Address Year built Sq Footage Type Rent Taxes Spec Assesment Avg Mkt Rent Unit
2605 E 13th 1967 1,275 SFH $0 $524 $108 $1,253 3/2
1807 E 23rd 1949 1,136 SFH $0 $826 $108 $1,134 3/1
1916 S Delawanda Ave 1953 1,420 Duplex $860 $1,271 $108 $1,825 1/1 and 2/1
800 W Lindweth Pl 1928 2,181 Duplex $1,575 $778 $2,372 3/1 and 2/1.5
Total $2,435 $3,399 $324 $6,584

Please see links for the individual properties below:

Adorable 3/2 SFH Buy & Hold | Clever Girl Real Estate Solutions – Buyer Site

Fix & Flip, Buy & Hold, BRRR | Clever Girl Real Estate Solutions – Buyer Site

Better than the 1% Rule!!! How about 1.9% with Price Drop on Duplex! | Clever Girl Real Estate Solutions – Buyer Site

Cash-Flowing Duplex in College Town | Clever Girl Real Estate Solutions – Buyer Site

 

 

For additional information or to schedule walkthroughs, please call Lisa at 317-501-5336.

Price:
$402,000
Address:
Muncie, IN
Terms:
For Sale
Property Type:
Multi-family

Call (317) 501-5336 for more details