50
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Listed by Peter Stewart • Keller Williams Indpls Metro N
$130,000
Est. payment /mo
3,888 SqFt
Pending
720 W Jackson ST Muncie, IN 47305
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Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Pending
Purchase Type For Sale
Square Footage 3,888 sqft
Price per Sqft $33
MLS Listing ID 22015522
Year Built 1900
Tax Year 2023
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Multi-Family 5+
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 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
Location
State IN
County Delaware
Zoning R5
Rooms
Basement Partial, Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace N
Exterior
Garage Spaces 4.0
Utilities Available Sep Electric Meter, Sep Gas Meter, Water Connected
View Y/N false
Building
Story Two
Architectural Style TraditonalAmerican
New Construction false
New Construction false
Schools
School District Muncie Community Schools
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Chris Buckely
IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311
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