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822 Howard Street

Muncie, IN 47305
  • $150,000
  • STATUS: Pending
  • ON SITE: 139 Days
  • MLS #: 202337783
Pending
UPDATED: 15 min ago
$150,000
  • 4
    BEDS
  • 0.17
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,118
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1885
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by Steve Slavin of Coldwell Banker Real Estate Group: Cell: 317-701-5006.

Description

Investment opportunity! All 4 units now leased! There have been a number of improvements to this property since the last owner. This is a bit unique as there's another house on the property that is unfinished that is included with this parcel. There's tons of opportunity with this! All units are 1 bed and 1 bath. 2 main floor units are currently rented at $685 and $725 per month total (through 6/24 & 7/24) and the 2 upstairs units are rented at $700 and $671 per month total (through 4/25 & 5/25). Included in the rent total rent prices, tenants pay for a portion of utilities. More specifics available on lease information if needed. $2,250 is the total monthly cash flow after utilities and fees ($27,000 per year cash flow). The vacant pictures are the units upstairs. The seller has never lived in the home and he's motivated to sell!

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© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty. Data last updated: 2024-03-01T14:29:16.143.

www.housesinfortwayne.com/homes/144370968
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822 Howard Street Muncie, IN 47305

  • Price: $150,000
  • Status: Pending
  • On Site: 139 Days
  • Updated: 15 min ago
  • MLS #: 202337783
4
Beds
4
Baths
0
½ Baths
0.17
Acres
2,118
SQFT
$71
$/SQFT
1885
Built
Neighborhood:
None
County:
Delaware
Area:
Delaware
Elementary School:
Southview
Middle School:
Southside
High School:
Central
School District:
Muncie Community Schools
Property Description
Investment opportunity! All 4 units now leased! There have been a number of improvements to this property since the last owner. This is a bit unique as there's another house on the property that is unfinished that is included with this parcel. There's tons of opportunity with this! All units are 1 bed and 1 bath. 2 main floor units are currently rented at $685 and $725 per month total (through 6/24 & 7/24) and the 2 upstairs units are rented at $700 and $671 per month total (through 4/25 & 5/25). Included in the rent total rent prices, tenants pay for a portion of utilities. More specifics available on lease information if needed. $2,250 is the total monthly cash flow after utilities and fees ($27,000 per year cash flow). The vacant pictures are the units upstairs. The seller has never lived in the home and he's motivated to sell!
Exterior Features

Architectural Style Traditional Driveway None Exterior Brick Fence None Location City/Town/Suburb Lot Description Level0-2.9999 Lot Dimensions 62x125 Outbuilding None Parking Street Parking Spaces 4 Pool YN No Roof Material AsphaltShingle Sea Wall Type None Style Two Story Unit1 Garage Type None Unit2 Garage Type None Unit3 Garage Type None Unit4 Garage Type None Water Features None Waterfront YN No

Interior Features

Above Grade Bedrooms 4 Above Grade Finished Sqft 2118 Above Grade Unfin Sq Ft 0 Amenities Cable AvailableCountertops-LaminateDetector-SmokeLandscapedPorch CoveredWater Heater Gas Basement Foundation CrawlPartial Basement Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 125 Cooling WindowNone Dishwashers 0 Disposals 0 Dryers 0 Flooring WoodTile Heating Fuel Gas HVAC Ceiling FanHigh Efficiency Furnace Main Level Sq Ft 1059 Microwaves 0 Ranges Ovens 4 Refrigerators 4 Rooms Below Grade 0 Total Baths 4 Total Below Grade Sqft 125 Total Sq Ft 2243 Unit1 Basement YN Yes Unit1 Bathrooms 1 Unit1 Bedrooms 1 Unit1 Sq Ft 500 Unit2 Basement YN Yes Unit2 Bathrooms 1 Unit2 Bedrooms 1 Unit2 Sq Ft 500 Unit3 Basement YN Yes Unit3 Bathrooms 1 Unit3 Bedrooms 1 Unit3 Sq Ft 500 Unit4 Basement YN Yes Unit4 Bedrooms 1 Unit4 Sq Ft 500 Upper Level Sq Ft 1059 Wash Dry Hookups 0 Washers 0

Property Features

Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 270000 Annual Insurance Expense 1000 Annual Maint Expense 300 Annual Misc 0 Annual Net Income 267404 Annual Property Tax 1296 Annual Trash Expense 0 Annual Water Sewer Exp 0 Assoc Dues Frequency Not Applicable Assoc Restrictions YN No Auction Y / N No Buildings 2 Cable Company Comcast Cross Street Proud Documents Available LBP FormSellers Disclosure Efficiencies 4 Electric Company AEP/I&M Electric Meters 4 Exemptions No Exemptions For Sale Or Rent For Sale Four Bedrooms 0 Gas Company CenterPoint Energy Gross Monthly Income 22500 Gross Monthly Rent 2250 Lease Term 1 Year New Construction No One Bedrooms 4 Owner Pays Building InsuranceLawn MaintenanceMaintenance Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Fourplex Proposed Financing CashConventional Reo YN No Sale Includes BuildingLand Sewer City Tenant Pays CableElectricSewerWater Three Bedrooms 0 Township Center Two Bedrooms 0 Unit1 Unit Rent 575 Unit1- Currently Rntd Y / N Yes Unit1- Garage /#of Cars 0 Unit1- Garage Y / N No Unit2 Unit Rent 615 Unit2- Currently Rntd Y / N Yes Unit2- Garage /#of Cars 0 Unit2- Garage Y / N No Unit3 Unit Rent 550 Unit3- Currently Rntd Y / N No Unit3- Garage /#of Cars 0 Unit3- Garage Y / N No Unit4 Unit Rent 575 Unit4- Currently Rntd Y / N No Unit4- Garage /#of Cars 0 Unit4- Garage Y / N No Units Rented 4 Water Company Indiana American Water CoMuncie Sanitary Dist. Water Utility City Year Taxes Payable 2022

Listing provided by Steve Slavin of Coldwell Banker Real Estate Group: Cell: 317-701-5006.

© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty.


© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty. Data last updated: 2024-03-01T14:29:16.143.

 
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Barnes Real Estate Services | North Eastern Group Realty
10808 La Cabreah Ln
Fort Wayne IN, 46845
Listing provided by Steve Slavin of Coldwell Banker Real Estate Group: Cell: 317-701-5006.