1618 E 24th Street
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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.
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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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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


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