USAINMuncieNo Subdivision800 Lindweth Pl
view of front of house with a porch and driveway | Image 1
rear view of house with a lawn | Image 2
unfurnished living room featuring visible vents, a ceiling fan, carpet flooring, and stairs | Image 3
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$140,000

Added 3 months ago

800 Lindweth Pl, Muncie, IN

Real Estate

For Sale

Listed price in listed location currency (USD).
$140,000

Added 3 months ago

00-0
  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size -
Garage Yes
Taxes 
Days Active 79
Lot Size 
Approx. Age 1928
MLS® Number 22033094

Property Address: 800 Lindweth Pl, Muncie, Indiana

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

Description

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
MLS® Number22033094
Laundry LevelNo Laundry Facil.
Central VacNo
FireplaceNo
Acreage0.2
Exterior
GarageYes
Approx. Age1928
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

800 Lindweth Pl, Muncie, IN

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