Delaware County, Muncie, IN 47302
5 bd2 ba2,548 sfBuilt 1950
Gross spread$57,000
Description
MUNCIE, IN CASH-FLOWING DUPLEX | TENANTS IN PLACE | SECTION 8 UPSIDE Asking Price: $105,000Estimated ARV: $162,000 - $198,000Closing: November 16, 2026 Solid two-unit duplex with long-term tenants already in place - this one is producing income from day one with serious upside on the rent roll. Strong value-add play for the buy-and-hold investor looking to stabilize and scale. Property Snapshot Property Type: Multi-Family (Duplex)Unit 1: 3 Bed / 1 Bath | Current Rent: $1,200/mo | Est. Section 8: $1,800/moUnit 2: 2 Bed / 1 Bath | Current Rent: $750/mo | Est. Section 8: $1,200/moLiving Area: 2,548 Sq FtLeases Through: February 2027Current Gross Income: $1,950/mo | Potential: $3,000/mo Condition Overview Structurally sound with good bones. Seller has already replaced the furnace, AC unit, and portions of the electrical system. Sewer cleanout installed in backyard ~2 years ago. Cosmetic updates needed - buyer to verify all systems and condition during due diligence. Why This Deal Works - Immediate cash flow - both units occupied through Feb 2027- $1,050/mo rent upside potential via Section 8 conversion- Key mechanicals already updated (HVAC, electrical, sewer cleanout)- Separate entrances - true duplex setup Ideal for: Buy & Hold, BRRRR, Section 8 / Voucher Strategy SUBMIT YOUR HIGHEST & BEST OFFER!
$/sqft vs market
Median of 6 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Property information
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