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
Active
$325,000
800 W Lindweth Pl, Muncie, IN 47303
3beds
2baths
--sqft
Est.:
Multi Family, Duplex
Built in 1928
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Newer appliancesFresh interior paint
- 8 days
- on Zillow |
- 113 |
- 1 |
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#: 22033094

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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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