Off-Market Property at 1008 W 1st St, Muncie, IN, 47305
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1008 W 1st St, Muncie, IN, 47305

$129,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $124 per day, based on similar listings in the area. Estimated short-term cap rate of 10.4%. GREAT INVESTMENT PROPERTY! TRI-PLEX! This nice 3 unit property has lots of updates and a convenient location close to Ivy Tech, Ball State and downtown Muncie. Some of the updates include newer vinyl siding, electrical, plumbing, interior remodeling and replacement windows. The are 2- two bedroom units. Rents are $500 and $660. And 1- one bedroom unit that rents for $523. Tenants pay utilities. Off street parking in back of home. Move-in ready and instant cash flow!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$2188
Bedrooms
2
Bathrooms
1
SQFT
5,227
Furnished
unknown
Year built
1910
Listing Status
Off Market
MLS
21967911

Short-term Rental Potential
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$23,856

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$24

Price/SQFT