Forget 1% Rule! Get 1.6% on Duplex in College Town!!!
1821-1823 W 8th St Muncie, IN
$25k OBO
AMAZING ROI potential on this property located in the Avondale neighborhood, conveniently located just 3 miles from Ball State University! This property features a duplex and each unit is a 2/1. Rentometer shows an avg rent of $981 per month per unit based on twenty-three 2 bedroom single bath rentals within 1 mile of this property, allowing you to cash-flow almost $2k per month!
The property does need extensive work, with the outside of the duplex needing more than the inside, however the ROI potential is AMAZING!!! Complete renovation on both units and the outside for under $100k. Plus value add opportunity! Rezone for 4 units and restore ADU above the garage and all doors are 2/1’s. There is equal square footage below the ADU which could easily be converted into a fourth 2/1 unit. Get all 4 units cash-flowing and now you have the potential to cash-flow $3924!!!
Additional pictures, video walkthroughs and rent info from Rentometer are all listed below. Please reach out to Lisa for more info or to schedule a walkthrough.
Click here for Rentometer details: 20260105-Rentometer-1821_W_8th_St_Muncie_IN_USA-2-bed-v0a4K1hpjmc.pdf – Google Drive
Click here for additional photos and video walkthroughs: Pics 1821-1823 W 8th St Muncie, IN – Google Drive