This TURN KEY 2 bedroom 1 bathroom, 1440sqft SFH in Muncie would make a perfect rental or flip. Enough sqft to add a third bedroom and increase rents and ARV! 10% Cap rate if you bring to market rent. Big back yard. Basement sqft 718.
This property is turn key. Electric, plumbing, furnace, water heater in good condition. Hard wood floors look brand new and the bathroom is in great condition too. You could update flooring in the kitchen and put new appliances in for top dollar rents and ARV. Roof is in good condition, as are the windows.
The property could be rented out for around $750 a month on a long term basis or $850 if you add a bedroom.
Photos, Videos & rental calculator:
- 2210 S Pershing Dr, Muncie, IN 47302, sold for $60,000 in 2020. https://www.zillow.com/homedetails/2210-S-Pershing-Dr-Muncie-IN-47302/85191893_zpid/
- 2203 S Vine St, Muncie, IN 47302, sold for $64,000 in March 21. (400 sqft smaller) https://www.zillow.com/homes/2203-S-Vine-St-Muncie,-IN-47302_rb/210958693_zpid/
- 2301 S Mulberry St, Muncie, IN 47302, sold for $68,000 in July 21. https://www.zillow.com/homedetails/2301-S-Mulberry-St-Muncie-IN-47302/85191913_zpid/
- 2020 S Hackley St, Muncie, IN 47302, sold for $60,000 in November. https://www.zillow.com/homedetails/2020-S-Hackley-St-Muncie-IN-47302/85192326_zpid/