Off-Market Property at 829 W North St, Muncie, IN, 47303

829 W North St, Muncie, IN, 47303

$158,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $136 per day and long-term for an average of $2,016 per month, based on similar listings in the area. Estimated short-term cap rate of 5.6%. Estimated long-term cap rate of 4.7%. Opportunity is waiting for you-near BSU, the Village and BMH! You really should take a look at this outstanding 5 Bedroom, 3 bath home within walking distance to BSU! The very unique thing about this home is a wonderful separate apartment w/kitchen area, separate full bath, and living living area (perfect for adult children or in-laws). The home has an excellent floor plan, nice sized bedrooms, living room, and kitchen, each level of the home has a full bath, washer and dryer and kitchen appliances are included! Home has a newer gas furnace with central Air. If you are considering a Ball State rental, the home is currently rented for $1350.00 per month. The home features beautiful original hardwood flooring, oak staircase, and beautiful woodwork! Outside the home: you will enjoy the stately, oversized covered porch, private rear deck, large 1.5 detached garage, low maintenance vinyl exterior, and a very nice yard and location! Must note....you will enjoy the historic brick paved street out front!!! (beautiful North Street) Hurry, this is the one you have been hoping for!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$6635
Bedrooms
5
Bathrooms
3
SQFT
2,054
Furnished
unknown
Year built
1910
Listing Status
Off Market
MLS
202343444

Short-term Rental Potential
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$25,608

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$77

Price/SQFT

Long-term Rental Potential
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$24,192

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,016/mo

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