Active
1708 W 7th Street
Muncie, IN 47302 (MLS #MBR22033091)
$75,000
Beds
3
Baths
1
Square Ft.
1,215
Description
Cash flowing 3 bed 1 bath home. Update completed in 2022, new flooring throughout, updated appliances, fresh interior paint. Furnace and Water Heater less than 3 years old. This is a Section 8 property. Current rent is $784 a month with 20% down return is 9% 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… Read More 2025 Q4). Personal income is expected to increase 3.4% through 2027 Property is being offered as part of a 4 unit package. An additional 2 unit package is also available, addresses and financials included in attached documents. 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 Read Less
Courtesy of JMG Indiana.
Days Online
77
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Square Ft.
1,215
Lot Size
0.12 Acres
Year Built
1896
MLS Number
MBR22033091
Appliances & Equipment
Description: "Electric Oven", "Refrigerator", "Water Heater"
Building
Area: 1215, Architecture: "TraditonalAmerican", Building Area: 1215, Construction Materials: "Vinyl Siding", "Wood", Levels: "Two", Year Built: 1896
Cooling
Details: "None", "Window Unit(s)"
Fireplaces
Total Fireplaces: 0
Garage
Garage Spaces: 1
Heating
Heating: "No Heating", "Natural Gas"
Laundry
Description: "Laundry Closet"
Lot
Acres: 0.12, MLS Acres: <1/4 Acre
Property
Description: "Not Applicable"
Utilities
Water Source: "Municipal/City"
Area snapshot
30 Days Snapshot Of 47302
$109k
(avg) sold price
+38%
5
homes sold
-50%
70
(avg) days on market
0%
Nearby Schools
*Please check the school district website to see all schools in this area
Muncie Central High School
Public
9-12
Southside Middle School
Public
6-8
South View Elementary School
Public
PK-5
Snapshot
Area Map
Mortgage Calculator
Monthly Payment
$0
The above figures are estimates and are not endorsed or certified. Check with your lender for actual interest rates.
Listing Information © Metropolitan Indianapolis Board of REALTORS®. All Rights Reserved.
Information Deemed Reliable But Not Guaranteed.
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