CASH-FLOWING RENOVATED APARTMENTS & ADJACENT HOME ON SAME PARCEL
2307 W Charles St Muncie, IN
2307 ½ W Charles St Muncie, IN
CASH PRICE $275,000
Awesome opportunity to invest in 5 units located within 1 mile of Ball State University featuring a 4-unit apartment building and 1 SFH. 3 Units are rented and 2 are newly vacant. Total monthly income from 3 currently cash-flowing is $2346. $1300 additional once the other two are rented for total monthly income of $3646! Increase rent in the 2/1 to avg market rent to $887 and you will be cash-flowing $3762! All current tenants are year-round residents of Muncie, however by renting to students, there is potential to earn significantly more! Property features an on-site coin operated washer/dryer and plenty of parking.
2307 W Charles St Muncie, IN
This 2/1 SFH features original hardwood floors, new roof, and new siding. Rented for $771 per month plus utilities. Avg market rent is $887. This tenant is mo2mo.
Click here for additional photos: Pics 2307 W Charles SFH – Google Drive
2307 ½ W Charles St Muncie, IN
This apartment building features 4 units each with 1 bedroom and 1 bath. All units have been renovated. The outside has new siding and a new roof. 1 Apartment Rented at $625 plus utilities and $950 for the other. 2 that are vacant have a total avg monthly rental potential of $1300.
Click here for additional photos: Pics 2307 1/2 W Charles Apartments – Google Drive