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  • Price cut: $10K (4/17)
    $75,000

    402 W 7th St, Muncie, IN 47302

    1beds
    1baths
    --sqft
    : 
    Multi Family, Quadruplex
    Built in 1924
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Single level properties
    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 package of two duplexes on the same parcel for a total of 4 units. Buy only these properties, combine them with other listings, or acquire the entire portfolio. Flexibility is yours. The first duplex is situated at 1323-1325 W Liberty St and the second is located at 400-402 W 7th St, with a shared oversized 1 car garage between the two. They are both single level properties and all units features 1 bedroom and 1 bathroom, with electricity and gas separately metered. Water/sewer are currently on a shared meter, presenting an opportunity for utility restructuring to add additional value and enhance your ROI. Both properties need extensive work and are currently boarded up. 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 unique opportunity and grow your real estate portfolio today!
    107 days
    on Zillow
    |
    175
    |
    6
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    Zillow last checked: 7 hours ago

    Listing updated: April 17, 2025 at 12:28pm

    Listing Provided by:

    Peter Stewart peter@peterstewartrealty.com,

    Keller Williams Indpls Metro N

    Source: MIBOR as distributed by MLS GRID,MLS#: 22017122MLS Logo
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    Next available tour time:Today at 12pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    Heating
    • Forced Air
    Cooling
    • None
    Features
    • Has basement: No

    Property

    Parking
    • Total spaces: 1
    • Parking features: Detached
    • Garage spaces: 1
    • Details: Unit Parking(1 Car Garage, On Street)
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 7,840.8 Square Feet
    Details
    • Parcel number: 181116433014000003
    • Special conditions: As Is

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Ranch,Traditional
    • Property subtype: Multi Family, Quadruplex
    Condition
    • Fixer
    • New construction: No
    • Year built: 1924

    Community & HOA

    Community
    • Subdivision: No Subdivision
    Location
    • Region: Muncie

    Financial & listing details

    • Annual tax amount: $888
    • Date on market: 1/8/2025
    • Tenant pays: Electricity, Gas
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