Off-Market Property at 3510 N Glenwood Ave, Muncie, IN, 47304
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3510 N Glenwood Ave, Muncie, IN, 47304

$171,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $145 per day and long-term for an average of $1,475 per month, based on similar listings in the area. Estimated short-term cap rate of 5.8%. Estimated long-term cap rate of -0.5%. Purchase yourself a new chapter in your life with new adventures included! This property is 0.4 acres land (two lots) with a massive front yard for all your picnics, decorating and games. There's also a fully fenced backyard for more intimate rest and recreation, it would work for pets for easy supervision with some freedom to run about. Property has 60+ trees on it and looks marvelous during any season! The house itself has a convenient two wing layout, with a master bedroom and bathroom in the west wing and another two bedrooms and a bathroom in the east wing. The middle is an enormous living room with a south facing window and a fireplace as well as an eating area with windows facing your backyard. The laundry hook up is in the "furnace room", and there's also a north facing sun room with a back entrance with a great double entry door there. All electric (electric panel and all the outlets) have been upgraded to 200 Amp, all of the plumbing has been upgraded/replaced just a year ago. Detached 2 car garage is on the north end of the property. Property is located one block away from Wheeling and McGalliard, close to Baskin Robbins location for those with a sweet tooth! It's ultra convenient, as it's close to everything you might need and at the same time is hidden away from all the noise. It really is a cottage within the city limits! It's a quiet neighborhood.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$7653
Bedrooms
3
Bathrooms
2
SQFT
1,436
Furnished
unknown
Year built
1941
Listing Status
Off Market
MLS
202336656

Short-term Rental Potential
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$28,512

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$119

Price/SQFT

Long-term Rental Potential
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$17,700

Revenue
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Profit
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Cap rate
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Cash on Cash
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$1,475/mo

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