IN > Muncie > No Subdivision
Muncie, IN 47302,1619 E 20th ST
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Muncie, IN 47302,1619 E 20th ST
Muncie, IN 47302,1619 E 20th ST
Muncie, IN 47302,1619 E 20th ST
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Jeff Landers

Jeff Landers

+1(317) 750-9767
Listed by Richard Graham • JMG Indiana
$ 100,000
Est. payment /mo
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Active

1619 E 20th ST Muncie, IN 47302

2 Beds

1 Bath

1,440 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,440 sqft

Price per Sqft $69

Subdivision No Subdivision

MLS Listing ID 22033418

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1948

Tax Year 2024

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Single Family Residence

Property Description

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.

Location

State IN

County Delaware

Rooms

Main Level Bedrooms 2

Interior

Interior Features Attic Access, Paddle Fan, Supplemental Storage, Wood Work Painted

Heating Forced Air, Natural Gas

Cooling Central Air

Equipment Not Applicable

Fireplace Y

Appliance Electric Oven, Refrigerator, Water Heater

Exterior

Garage Spaces 1.0

Building

Story One

Foundation Crawl Space

Water Public

Architectural Style Traditional

Structure Type Vinyl Siding,Wood Siding

New Construction false

Schools

School District Muncie Community Schools

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Jeff Landers

Real Estate Advisor | License ID: RB14050540

+1(317) 750-9767

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I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Jeff Landers, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

I simply cannot recommend Jeff enough to anyone considering buying or selling a home. My experience with him selling my first house has confirmed in my mind that he is absolutely the best in the business. Not only is Jeff outstandingly professional, knowledgeable and experienced but he constantly and consistently went above and beyond for me during this process. His willingness to listen to me when I was panicking and calm me down and go to bat for me in difficult situations is something I am incredibly grateful for. I trust Jeff implicitly and was never steered wrong throughout the entire process. 5 stars is not enough to express my gratitude and stellar experience with Jeff.

RebeccaRoy0