IN > Muncie > No Subdivision
Muncie, IN 47302,1619 E 20th ST
Muncie, IN 47302,1619 E 20th ST
Muncie, IN 47302,1619 E 20th ST
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Listed by Richard Graham • Fair Market Value Investment Sales
$100,000
Est. payment /mo
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2 Beds
1 Bath
1,440 SqFt
Active

1619 E 20th ST Muncie, IN 47302

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The Wischmeier Group

The Wischmeier Group

+1(812) 374-8680

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,440 sqft

Price per Sqft $69

Subdivision No Subdivision

MLS Listing ID 22027145

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1948

Tax Year 2023

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Single Family Residence

Property Description

Cash flowing 3 bed 2 bath home in Muncie's Southside. Update completed in 2022, new flooring in living room and kitchen, updated appliances, new carpet in bedrooms and fresh interior paint. Furnace and A/C less than 3 years old. This is a Section 8 property. Current rent is $995 a month with 25% down return is 8.5% 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 2 unit package, 2nd property is at 1618 E 24th. An additional 4 unit package is also available, addresses and financials included in attached documents. Attached pro formas are for 2 property package and 6 unit package. 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 2

Interior

Interior Features Attic Access, Paddle Fan, Screens Complete, Storms Complete, Supplemental Storage, Windows Vinyl, Wood Work Painted

Heating Forced Air, Gas

Cooling Central Electric

Equipment Not Applicable

Fireplace Y

Appliance Electric Oven, Refrigerator, Water Heater

Exterior

Garage Spaces 1.0

Building

Story One

Foundation Crawl Space

Water Municipal/City

Architectural Style TraditonalAmerican

Structure Type Vinyl Siding,Wood

New Construction false

Schools

School District Muncie Community Schools

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1619 E 20th ST