Delaware County, Muncie, IN 47302
5 bd2 ba2,548 sfBuilt 1954
Gross spread$70,000
Description
Property Details Property Type: Duplex Total Bedrooms: 5 Total Bathrooms: 2 Living Area: 2,548 SqFt Lot Size: 6,534 SqFt Year Built: 1954 Separate entrances for each unit Unit Breakdown & Rental Income Unit 1: 3 Bedrooms / 1 Bathroom Current Rent: $1,200/month Potential Section 8 Rent: Approximately $1,800/month Unit 2: 2 Bedrooms / 1 Bathroom Current Rent: $750/month Potential Section 8 Rent: Approximately $1,200/month Total Current Rent: $1,950/month Potential Total Rent: Approximately $3,000/month Condition & Improvements Structurally sound, according to the provided information Cosmetic updates needed Furnace replaced A/C replaced Part of the electrical system replaced Sewer cleanout completed approximately 2 years ago Long-term tenants in place Leases run through February 2027 Comparable Properties 429 W Charles St, Muncie, IN 47305 826 W Main St, Muncie, IN 47305 211 S Liberty St, Muncie, IN 47305 421 S Talley Ave, Muncie, IN 47303 Deal Sheet: [contact details hidden] Purchase Terms Sold As-Is Cash or Hard Money Only Seller selects the escrow/title Buyer to complete inspections and due diligence before contract execution For inquiries, please text or call [contact details hidden].
$/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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