1708 W 7th ST Active Save Request In-Person Tour Request Virtual Tour
Muncie,IN 47302
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,215 sqft
Price per Sqft $69
Subdivision No Subdivision
MLS Listing ID 22027138
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1896
Tax Year 2023
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Single Family Residence
Property Description
Cash flowing 3 bed 1 bath home. Update completed in 2022, new flooring throughout, updated appliances, fresh interior paint. Furnace and Water Heater less than 3 years old. This is a Section 8 property. Current rent is $784 a month with 20% down return is 9% annualized. $100 rent increase makes that return 13%. Proforma snapshot included in documents. Tenant pays all utilities. Economic growth remains steady with strong housing demand per Indiana Business review. The most recent forecast from Indiana University's Center for Econometric Model Research shows employment growth of 1.89% over the next two years (2023 Q4 to 2025 Q4). Personal income is expected to increase 3.4% through 2027 Property is being offered as part of a 4 unit package. An additional 2 unit package is also available, addresses and financials included in attached documents. Attached photos were taken before property was rented. Seller will not work with wholesalers or consider creative finance options. For additional questions and to arrange showings reach out to listing agent. Proof of funds and 24hr notice required for all showings
Location
State IN
County Delaware
Rooms
Main Level Bedrooms 1
Interior
Interior Features Windows Wood
Heating No Heating,Gas
Cooling None,Window Unit(s)
Equipment Not Applicable
Fireplace Y
Appliance Electric Oven,Refrigerator,Water Heater
Exterior
Garage Spaces 1.0
Building
Story Two
Foundation Block
Water Municipal/City
Architectural Style TraditonalAmerican
Structure Type Vinyl Siding,Wood
New Construction false
Schools
School District Muncie Community Schools