805-811 W North Street
Muncie, IN 47303
Exceptional multifamily investment opportunity situated at 805"811 W North St in Muncie, conveniently located just minutes from the Ball State University campus. This well-configured four-unit residential property features two main-level 2-bedroom, 1-bathroom units and two upper-level 1-bedroom, 1-bathroom units. Each residence is equipped with efficient all-electric heating for streamlined utility management, with updated carpeting installed throughout within the last five years. Unit 809 is currently occupied on a flexible month-to-month lease at $475 per month, offering immediate operational stability while preserving substantial revenue upside. With projected market rental rates estimated at $800 per month for the 2-bedroom units and $650 per month for the 1-bedroom units, this asset boasts a target gross monthly income potential of $2,900 ($34,800 annually). A standout addition to any portfolio, combining high-demand location convenience with clear value-add potential.
Property Features
Feature Descriptions
Local Schools
Listed By / Shown By
Listed By
Agency Name: RE/MAX Real Estate Groups
Agency Contact: Cell: 765-744-9500
Agent Name: Ryan Orr
Shown By
Agency Title: Coldwell Banker 1st Choice
Agency Phone: (219) 324-2121
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805-811 W North Street | MLS# 202645493
This multi-family property located at 805-811 W North Street, Muncie, IN 47303 is currently listed for sale with an asking price of $179,900. 805-811 W North Street is located within the Muncie Community Schools school district. Search Muncie real estate on www.coldwellbanker1stchoice.com today.