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 5 unit apartment building. Buy only this property, combine it with other listings, or acquire the entire portfolio. Flexibility is yours. Situated at 720-722.5 W Jackson St, this 5 unit property features three units on the bottom level and two units on top. Four units have 1 bedroom and 1 bathroom and the fifth is an efficiency unit. Electricity and gas are separately metered for the four 1br units and the efficiency unit runs off another units elec/gas, Water/sewer are currently on a shared meter, presenting an opportunity for utility restructuring to add additional value and enhance your ROI. There is also a potential to combine the efficiency unit with the adjacent 1br unit, creating a larger 2br unit and taking the property from commercial to residential, which opens up more financing opportunities. The property is a major fixer and needs work both inside and out but it has a ton of potential. It 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 uni
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01/2 BATHS
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 5 unit apartment building. Buy only this property, combine it with other listings, or acquire the entire portfolio. Flexibility is yours. Situated at 720-722.5 W Jackson St, this 5 unit property features three units on the bottom level and two units on top. Four units have 1 bedroom and 1 bathroom and the fifth is an efficiency unit. Electricity and gas are separately metered for the four 1br units and the efficiency unit runs off another units elec/gas, Water/sewer are currently on a shared meter, presenting an opportunity for utility restructuring to add additional value and enhance your ROI. There is also a potential to combine the efficiency unit with the adjacent 1br unit, creating a larger 2br unit and taking the property from commercial to residential, which opens up more financing opportunities. The property is a major fixer and needs work both inside and out but it has a ton of potential. It 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 uni
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Based on information submitted to the MLS GRID as of 2025-07-19T19:25:58.593. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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