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Listed by Peter Stewart • Keller Williams Indpls Metro N
$99,000
Est. payment /mo
6,098 Sqft Lot
UPDATED:
01/11/2025 10:35 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22015525
Year Built 1890
Tax Year 2023
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Investor Alert! Discover a remarkable investment package conveniently located near downtown Muncie. Part of a broader offering of 19 units across 7 properties on 5 parcels (totaling $538K), this particular deal is a triplex. Buy only this property, combine it with other listings, or acquire the entire portfolio. Flexibility is yours. Situated at 800-800.5 W Charles St, this corner lot property features two units on the bottom level and one unit on top. The two units on the main level both have 1 bedroom and 1 bathroom and the upper unit has 2 bedrooms and 1 bathroom. Electricity is separately metered. Gas and water/sewer are currently on a shared meter, presenting an opportunity for utility restructuring to add additional value and enhance your ROI. With some repairs and cosmetic updates, it can be quickly prepared for lease or resale. This specific property is located in the Old West End Historic District, which is currently experiencing a good amount of revitalization and is within walking distance of downtown and the central business district! All properties in this portfolio are vacant, offering a blank canvas for renovations. Condition levels vary, and the pricing reflects their as-is status-giving savvy investors a prime opportunity to add value and maximize returns. Located within about one mile of each other in and around downtown Muncie, these homes also benefit from convenient access to local amenities and public transportation, further enhancing rental demand. Whether you're looking to expand your portfolio with cash-flowing rentals or prefer a flip strategy, this package provides a golden chance to invest in a rapidly improving area. Don't miss out on these versatile properties-capitalize on this unique opportunity and grow your real estate portfolio today!
Location
State IN
County Delaware
Interior
Heating Baseboard, Forced Air
Cooling None
Fireplace N
Exterior
View Y/N false
Building
Story Two
Foundation Crawl Space
Architectural Style TraditonalAmerican
New Construction false
Schools
School District Muncie Community Schools
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