REDUCED! Rent Ready 1 Mile from University Buy/Hold, Fix/Flip, Short Term Rental
715 W Centennial Ave Muncie, IN
NOW ONLY $90k
Instant equity and lovely curb appeal, if you are only going to buy one investment property this year, this is the one you should get! This is a beautiful 3/1 with a brick front, pretty yellow siding, matching 1 ½-2 car garage and storage shed sitting on a huge lovely parklike lot l0cated ONLY ONE MILE FROM BALL STATE UNIVERSITY!
This quality home includes cedar lined closets with ample storage, gorgeous wooden floors, doors, and trim. There is a beautiful sunroom that can be accessed from the kitchen or master bedroom. The bathroom has been updated and there is a large dry basement with a utility sink. There is a super long driveway with ample parking. All of this is located just one mile from Ball State University!
As a rental, the average rent for a 3/1 in this area per Rentometer is $1223 and the highest rent averages at $1361, however with the pristine condition and ideal location, this should rent in the higher range. Plus, additional money can be charged for use of garage/and or shed. Or you can significantly increase the price and rent to the college kids. This would also be an ideal short-term rental to traveling nurses, insurance companies or parents visiting their college kids!
Average ARV for this property is $187,800. Comps are listed below. Please note the comps mistakenly list the property as 1785 sq ft, which I was unable to change, therefore when calculating multiply average price per square foot by 1334 (not 1785 a listed) which is the total for the main floor plus 4 season sunroom per the property card so that the ARV is not over inflated. Taxes are only $859 per year.
Please click here for MLS Comps: MLS Comps 715 W Centennial Ave.pdf – Google Drive
Please click here for additional photos and video: Pics 715 W Centennial Muncie, IN – Google Drive