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1619 E 20th StreetMuncie, IN 47302
Active
$100,000
Asking Price
2
Bd
1
Ba
1,440
Sqft
0.22
Ac Lot
1619 E 20th Street Muncie, IN 47302
Single Family Property Type
93 daysTime on Dwellane
$139Price per sqft
1 carGarage
1948Year Built
Cash flowing 3 bed 2 bath home in Muncie's Southside. Update completed in 2022, new flooring in living room and kitchen, updated appliances, new carpet in bedrooms and fresh interior paint. Furnace and A/C less than 3 years old. This is a Section 8 property. Current rent is $995 a month with 25% down return is 8.5% annualized. $100 rent increase makes that return 13%. 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). "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 1618 E 24th. An additional 4 unit package is also available, addresses and financials included in attached documents. Attached pro formas are for 2 property package and 6 unit package. Attached photos were taken before property was rented. Seller will not work with wholesalers or consider creative finance options. For additional questions and to arrange showings reach out to listing agent. Proof of funds and 24hr notice required for all showings.
Year Built
1948
City
Muncie
Type
Single Family Residence
County
Delaware
Lot Size
0.22 ac / 9,583 sqft
Bedrooms
2
Full Bathrooms
1
Half Bathrooms
0
Garage Capacity
1
Living Area Total
1,440 sqft
Price per sqft
$138.89
Living Area Main & Upper
1,440 sqft
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Listing Agent
Listing Provider
JMG Indiana
MLS #
22033418
Source
MIBOR as distributed by MLS GRID
Last Modified
Sat Jul 12 2025
Listed on
Thu Apr 17 2025
Property History
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