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Listing Courtesy of: Richard Graham - Fair Market Value Investment Sales 317-412-1572

For Sale

$100,000

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1618 E 24th Street Muncie, IN 47302

Single Family Residence

2 Beds

1 Baths

2/1 Bed/Bath

936 Sq. Ft.

Property Activity

Time on Site

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Last updated on 4/11/2025 4:36 AM

Listing Details

Cash flowing 2 bed 1 bath home on Muncie's Southside. Updated 2/1 completed in 2022, new flooring in living room and kitchen, updated appliances and fresh paint inside and out. Current rent is $1190 a month at 20% down return is 9% annualized. $100 rent increase makes that return 14%. Proform...a 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).8 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 1619 E 20th. An additional 4 unit package is also available, addresses and financials included in attached documents. Seller will not work with wholesalers or consider creative finance options. Reach out to listing agent for more information or to arrange showings. Proof of funds and 24hr notice required for all showings. Continue reading

MLS#

22027142

Property Type

Single Family

Bedrooms

Bathrooms

1 Full

Year Built

1956

Square Feet

936 sq. ft

Lot Size