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Listed by Justin Lowe • Ellsbury Commerical Group
$ 148,000
Est. payment /mo
Pending
221 E 6th ST Muncie, IN 47302
4,791 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22055437
Year Built 1902
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Duplex
Property Description
This duplex offers a fantastic opportunity for both new and experienced investors to capitalize on Muncie's strong and growing real estate market. With a consistent demand for rental properties fueled by Ball State University, local businesses, and a stable community, this duplex is a smart, strategic investment designed for immediate cash flow and long-term appreciation. Investment Highlights: High Rental Demand: Muncie's rental market is robust, with a diverse tenant base keeping occupancy rates high. The city's average rent is significantly lower than the national average, attracting a steady stream of renters seeking quality, affordable housing. Seller's Market: The Muncie real estate market is currently a seller's market, with home values increasing year-over-year. This indicates a healthy market with excellent potential for your investment to grow in value over time. Accessible Investment: The median home price in Muncie provides a more affordable entry point for real estate investors, allowing for a higher potential return on investment.
Location
State IN
County Delaware
Interior
Cooling Window Unit(s)
Fireplace N
Building
Story Two and a Half
New Construction false
Schools
School District Muncie Community Schools
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