Fix & Flip, Buy & Hold, BRRR
Many Ways to Maximize ROI!
1807 E 23rd St Muncie, IN
$105,000 OBO
The owner has done all of the work, and you get to reap all of the rewards!!! This 1136 sq ft 3/1 SFH with office and laundry room was built in 1949. Property will be vacant at closing.
The house is kept in meticulous condition. This home features a huge master bedroom with a walk-in closet and plenty of room for an additional full bath. The kitchen has a built in breakfast bar. There have been so many recent upgrades by the current owner including all new exterior doors, all new windows, new fencing around the house, front and backyard, new garage with 100 AMP Service and workspace, new carport with storage, chicken coop, and a 1-year-old above ground pool!
There are Multiple ways to maximize ROI! Regardless of your method, most of the work has already been done. Fix & Flip by adding a few finishing touches and Value Adds such as a 2nd bathroom, Purchase as a Buy and Hold allows you to collect rent as property value continues to climb and equity increases, also allowing you the ability to BRRR or Fix & Flip at a later time.
Per Rentometer, Rental Rates for a 3/1 in this area is $1134 or 3/2 is $1278 Plus you can charge an Additional Amount for the use of the garage! ARV for this property is $149,498. Please see comps below. Property Taxes are only $826.20 per year plus $108 Special Assessment per year.
Please click here for MLS Comps: mls comps 1807 E 23rd St.pdf – Google Drive
Please click here for Additional Pictures and Video: Pics 1807 E 23rd Muncie, IN – Google Drive