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Listed by Peter Stewart • Keller Williams Indpls Metro N
$ 99,000
Est. payment | /mo
6,534 Sqft Lot
$ 99,000
Est. payment | /mo
6,534 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Ream Walling & Spurgeons
MLS Listing ID 22015524
Year Built 1880
Tax Year 2023
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Investor Alert! Discover a remarkable investment package conveniently located near downtown Muncie. Part of a broader offering of 19 units across 7 properties on 5 parcels (totaling $538K), this particular deal features both a duplex and a single-family home on the same parcel-providing three units in one purchase. Buy only this property, combine it with other listings, or acquire the entire portfolio. Flexibility is yours. Situated at 700-702 W 11th, the duplex occupies a corner lot and offers an up/down layout. Each unit features 2 bedrooms and 1 bathroom, with electricity separately metered. Gas and water/sewer are currently on a shared meter, presenting an opportunity for utility restructuring to add additional value and enhance your ROI. Meanwhile, the single-family home at 1717 S Gharkey is a 2-bedroom, 1-bath ranch boasting a small, fully fenced yard-ideal for tenants seeking privacy or a pet-friendly space. With minimal cleanup, it can be quickly prepared for lease or resale. All properties in this portfolio are vacant, offering a blank canvas for renovations. Condition levels vary, and the pricing reflects their as-is status-giving savvy investors a prime opportunity to add value and maximize returns. Located within about one mile of downtown Muncie, these homes also benefit from convenient access to local amenities and public transportation, further enhancing rental demand. Whether you're looking to expand your portfolio with cash-flowing rentals or prefer a flip strategy, this package provides a golden chance to invest in a rapidly improving area. Don't miss out on these versatile properties-capitalize on this unique opportunity and grow your real estate portfolio today!
Location
State IN
County Delaware
Interior
Heating Baseboard, Forced Air
Cooling None
Fireplace N
Exterior
Exterior Feature Not Applicable
View Y/N false
Building
Story Other
Architectural Style TraditonalAmerican
Structure Type Vinyl Siding
New Construction false
Schools
School District Muncie Community Schools
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Valerie Sullivan
REALTOR®