$3300 Current Cash-flow Price ONLY $115K!!!
New Value-Added Information in Description Below!
Deep Discount 2 Fully Furnished Rentals in College Town!!!
1000 W 16th Street and 2020 W Memorial Ave
Muncie, IN
CASH PRICE FOR BOTH FOR ONLY $115,000!
There are so many opportunities with these fully furnished well maintained properties located in Muncie, Indiana, home of Ball State University! Both were popular cash cows on Airbnb! Other income opportunities include short-term rentals from insurance companies for displaced clients and professional short-term occupancies. Both properties have been well maintained and would make ideal standard rentals.
1000 W 16th St Muncie, IN
This adorable fully furnished 576 sq ft 1/1 home, built in 1944 was completely redone inside and out in 2017 or 2018 including new siding and a metal roof. Previously, it had a great cash flow as an Airbnb and now it is currently cash-flowing $1200 per month with awesome tenants who are under a mo2mo lease. These tenants, who always pay on time, are willing to sign a long-term lease and might be interested in a rent to own if the possibility is available.
Click here for additional photos and video: Pics 1000 W 16th St Muncie, IN – Google Drive
2020 W Memorial Ave Muncie, IN
This 1/1, 528 sq ft fully furnished home, was built in 1925 and is located only 3 miles from Ball State. It has been used as an Airbnb rental, which averaged $2297.49 per month and rented for 229 days out of 11 months with an average stay of 32 days. Now it is under a 2-month short-term rental currently cash-flowing $1700 per month!
This property can also be a standard buy and hold. Per Rentometer, avg rent rate in this area for a 1/1 is $703, but since it is furnished, you might be able to get $750-$800 per month or you also have the option of providing short-term monthly rentals which would pay significantly more than a standard buy and hold rental. There is off-street parking in the front and also in the back with access via alley. Please note, there was a leak in the ceiling of the backroom addition, as shown in the pictures, and per the owner, this issue has been addressed although the small stain on the ceiling has not been repainted.
Click here for additional photos and video: Pics 2020 W Memorial Dr Muncie, IN – Google Drive
This will not last long! Ask about adding additional doors to this package!!!