$95k for 2 Properties (3 units) in Muncie, IN

[Mark Aiken]

Muncie, IN Duplex and Single-Family home for $95,000 (Off-market)

Duplex:

- 1,600+ sq ft with a 2 bed/1 bath on the bottom floor and a 1 bed/1 bath in the upstairs.

- Vacant and ready to be rented after minimal.

- Rents are $1,600+ ($1,000 downstairs and $600 upstairs).

- Detached 1 car garage with a connecting roof and slab for extra entertaining space.

- Additional off street parking.

- Large front porch.

- New insulation in all the walls.

- Appliances included. Newer furnace for downstairs and has AC. 

- Only one family has owned the property.

Single Family Home:

- 747 sq ft with a 1 bed/1 bath.

- Right next door to the duplex.

- off street parking.

- Tenants are paying $100/week and have lived there 20+ years.

Buy: $95K
Reno: $21k max to rehab both properties but only $6k need to get tenants in place for the duplex and rented at $1,600+ per month.
ARV: $140K-$150K

I’ve had a contractor inspect both properties and submit a detailed rehab budget.  He also has potential renters lined up and can act as property manager if desired.  These properties are a great deal with significant cashflow potential.

If interested, please call 260.348.5454 or email me at [email protected].  I have pictures, bid, and additional details if you contact me.