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1618 E 24th StreetMuncie, IN 47302
Active
$200,000
Asking Price
2
Bd
1
Ba
936
Sqft
0.18
Ac Lot
1618 E 24th Street Muncie, IN 47302
Single Family Property Type
58 daysTime on Dwellane
$214Price per sqft
1956Year Built
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%. Proforma 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.
Year Built
1956
City
Muncie
Type
Single Family Residence
County
Delaware
Lot Size
0.18 ac / 7,830 sqft
Bedrooms
2
Full Bathrooms
1
Half Bathrooms
0
Living Area Total
936 sqft
Price per sqft
$213.68
Living Area Main & Upper
936 sqft

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next step?
Connect with a trusted Dwellane Agent to learn more or make an offer.
Listing Agent
Listing Provider
JMG Indiana
MLS #
22033416
Source
MIBOR as distributed by MLS GRID
Last Modified
Sun Apr 20 2025
Listed on
Thu Apr 17 2025
Property History
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next step?
Connect with a trusted Dwellane Agent to learn more or make an offer.
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