1618 E 24Th St, Muncie, IN 47302
$100,000
Reduced By $425,000
last change 3/21/2025
Less Photos /\
Home Description
Cash flowing 2 bed 1 bath home on Muncie's Southside. Updated 2/1 completed in 2022, new flooring in living room and kitchen, updated appliances and fresh paint inside and out. Current rent is $1190 a month at 20% down return is 9% annualized. $100 rent increase makes that return 14%. 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).8 Personal income is expected to increase 3.4% through 2027". Property is being offered as part of a 2 unit package, 2nd property is at 1619 E 20th. An additional 4 unit package is also available, addresses and financials included in attached documents. Seller will not work with wholesalers or consider creative finance options. Reach out to listing agent for more information or to arrange showings. Proof of funds and 24hr notice required for all showings.
- MLS #: 22027142
- Street Address: 1618 E 24Th St
- City: Muncie
- Zip: 47302
- County: Delaware
- Township: Center
- Property Type: Single Family
- Style: TraditonalAmerican
- Siding: Aluminum Siding,Wood
Available now at $100,000
Approximate Room Sizes / Descriptions
| Living Room | 13x20 | Main | |
| Kitchen | 11x13 | Main | |
| Primary Bedroom | 11X10 | Main | |
| Bedroom 2 | 10X8 | Main | |
- Interior Description: Hardwood Floors,Screens Complete,Storms Complete,Window Metal,WoodWorkStain/Painted
- Full Baths: 1
- Num Fireplaces: 0
- Appliances: Electric Oven,Refrigerator,Water Heater
- Eating Area: Dining Combo/Kitchen
- Heating: Electric
- Cooling: Central Electric
- : richgraham@fmvrei.com
Map
Map |
Street
Street |
Birds Eye
Birds Eye
Print Map | Driving Directions
School Information
- School District:Muncie Community Schools
Financial
- Approx Payment:$497*
- Semi Annual Taxes:$570
Area Stats
These statistics are updated daily from the Metropolitan Indianapolis Board of REALTORS® Multiple Listing Service. For further analysis or
to obtain statistics not shown below please call Highgarden Real Estate at
(317) 857-0165 and speak with one of our real estate consultants.
Popular Homes
$500,345
$419,950
20
0.0%
30.0%
38
$405,970
$307,000
23
0.0%
43.5%
163
$301,176
$199,950
62
0.0%
46.8%
180
$343,340
$290,000
22
0.0%
63.6%
128
$319,625
$265,000
2937
0.0%
43.0%
75
$266,318
$225,000
90
0.0%
44.4%
77
$592,435
$462,500
26
0.0%
30.8%
58
Listing Courtesy of Fair Market Value Investment Sales.
For information or to schedule a viewing of this property (MLS# 22027142), call: 317-857-0165
1618 E 24Th St, Muncie IN is a single family home of 936 sqft and
is currently priced at $100,000
.
This single family home has 2 bedrooms.
In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures
in Muncie, IN.
MLS 22027142 has been posted on this site since 3/17/2025 (today).