Price Drop Fix & Flip or Buy & Hold 3 Miles from University!
2014 S High St Muncie, IN
$52,500
This 880 sq ft bungalow with a garage is located only 3 miles from Ball State University. This home could either be a 2 bedroom with a huge walk-in closet or a 3 bedroom home. The master bedroom has closets and a door which leads to an additional room which could be used for storage or as a 3rd bedroom. Per the owner, the roof is 13 yrs old and both furnace and hot water heaters are about 11 years old.
As a rental, the door between the master and the other room could be easily replaced with drywall and a separate door could be added in the utility room. As a 2/1 the avg monthly anticipated rent per Rentometer is $902 and as a 3/1 avg rent would be increased to $1158 plus an additional amount could be added for the use of the garage.
Another option is investing in this property as a fix and flip. Some easy cosmetic enhancements such as new siding on garage/house, and inside fresh paint/new flooring along with a few updates and this will be ready for market. ARV is around $107,000.
Click here for additional photos and video: Pics 2014 S High St Muncie, IN – Google Drive
ARV Comps: ARV Comps 2014 S High Street.pdf – Google Drive