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  • $325,000

    800 W Lindweth Pl, Muncie, IN 47303

    3beds
    2baths
    --sqft
    : 
    Multi Family, Duplex
    Built in 1928
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Newer appliancesFresh interior paint
    Cash flowing duplex, Unit 1 is 2 bed 1 bath and unit 2 is 1 bed 1 bath. Update completed in 2022, newer appliances, fresh interior paint. Water Heater less than 3 years old. Unit 1 rent is $800 a month and Unit 2 rent is $675 a month with 20% down return is 9% annualized. $100 rent increase makes that return 14%. Proforma snapshot included in documents. Owner pays w/s/t. 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 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
    8 days
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    Zillow last checked: 7 hours ago

    Listing updated: April 19, 2025 at 03:30pm

    Listing Provided by:

    Richard Graham Richardgraham@jasonmitchellgroup.com,

    JMG Indiana

    Source: MIBOR as distributed by MLS GRID,MLS#: 22033094MLS Logo
    Travel times

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    We’ll find a local expert to take you on a private tour of 800 W Lindweth Pl.

    Next available tour time:Today at 6pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Main level bathrooms: 6
    Appliances
    • Laundry: No Laundry Facil.
    Features
    • Has basement: Yes

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached
    • Attached garage spaces: 2
    • Details: Unit Parking(Other)
    Features
    • Levels: One and One Half
    • Stories: 1
    Lot
    • Size: 8,712 Square Feet
    • Features: Not Applicable
    Details
    • Parcel number: 181109206016000003
    • Special conditions: Package

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Multi Family, Duplex
    Materials
    • Vinyl Siding
    Condition
    • New construction: No
    • Year built: 1928

    Community & HOA

    Community
    • Subdivision: No Subdivision
    Location
    • Region: Muncie

    Financial & listing details

    • Tax assessed value: $77,800
    • Annual tax amount: $1,676
    • Date on market: 4/17/2025
    • Road surface type: Asphalt
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