USAINMuncieNo Subdivision312 S Gharkey St
bungalow featuring a porch and roof with shingles | Image 1
empty room with baseboards, a paneled ceiling, and dark wood finished floors | Image 2
empty room with dark wood finished floors, cooling unit, baseboards, and baseboard heating | Image 3
kitchen with a sink, light countertops, white electric range oven, and white cabinetry | Image 4
empty room featuring baseboards and concrete flooring | Image 5
back of house featuring entry steps and a shingled roof | Image 6
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$325,000

Added 2 months ago

312 S Gharkey St, Muncie, IN

House

For Sale

Listed price in listed location currency (USD).
$325,000

Added 2 months ago

421736 sqft0
  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1736 sqft
Garage No
Taxes 
Days Active 50
Lot Size 
Approx. Age 1910
Avg. Price Per Sqft $187
MLS® Number 22033020

Property Address: 312 S Gharkey St, Muncie, Indiana

Average square foot calculated using Size range provided by listing agent.

Description

Cash flowing 4 bed 2 bath home. Update completed in 2022, new flooring throughout, updated appliances, fresh interior paint. Furnace and Water Heater less than 3 years old. Current rent is $1000 a month with 20% down return is 8% annualized. $100 rent increase makes that return 13%. Proforma snapshot included in documents. Tenant pays all utilities. 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
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Walk Score®
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Transit Score®
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Bike Score®
MLS® Number22033020
Laundry Level
Central VacNo
FireplaceNo
Acreage0.06
Exterior
GarageNo
Approx. Age1910
Basement
Driveway
Garage Spaces
HeatBaseboard
A/CNone
Heating Fuel

Extras

Rooms

Change to metres

Bedroom 4:Upper9 × 10 ft
Living Room:Main12 × 10 ft
Bedroom 2:Main8 × 10 ft
Bedroom 3:Upper8 × 9 ft
Other:Main10 × 10 ft
Kitchen:Main10 × 10 ft
312 S Gharkey St, Muncie, IN

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