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1517 S Walnut Street

Muncie, IN 47302
  • $149,900
  • STATUS: Pending
  • ON SITE: 323 Days
  • MLS #: 21770393
Under Contract
UPDATED: 23 min ago
$149,900
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

School District:

Description

Investment Opportunity - 11-unit Apartments and an office space. All on South Walnut Street in Muncie. 2- two story commercial buildings (1523- 2 units/ office and 1525- 3units). A two story 6-unit apartment building (1517-1519)and a parking lot (1513). Rents range $450-500 per unit. All utilities included. As the units become available upgrades have been made to the vacant unit. Most units still have Not been remodeled and do need some improvements. Most units have long term renters on month-to-month leases. Upgrades include perseller: 2 new water heaters, rubber roof over unit 2 and a complete upgrade in unit 3.

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© 2022 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Ferris Property Group.
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1517 S Walnut Street Muncie, IN 47302

  • Price: $149,900
  • Status: Pending
  • On Site: 323 Days
  • Updated: 23 min ago
  • MLS #: 21770393
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1948
Built
Neighborhood:
No Subdivision
County:
Delaware
Area:
1808 - Delaware - Center
School District:
Muncie Community
Property Description
Investment Opportunity - 11-unit Apartments and an office space. All on South Walnut Street in Muncie. 2- two story commercial buildings (1523- 2 units/ office and 1525- 3units). A two story 6-unit apartment building (1517-1519)and a parking lot (1513). Rents range $450-500 per unit. All utilities included. As the units become available upgrades have been made to the vacant unit. Most units still have Not been remodeled and do need some improvements. Most units have long term renters on month-to-month leases. Upgrades include perseller: 2 new water heaters, rubber roof over unit 2 and a complete upgrade in unit 3.
Exterior Features

Architectural Style Traditonalamerican Construction Materials Wood Brick Foundation Details Slab Levels Two Lot Information Busline Lot Size 6670 Unit Parking On StreetPaved Area

Interior Features

Full Baths MU 0 Half Baths MU 0 Rooms MU 0 Rooms Total MU 0 Sq Ft Main Upper 0

Property Features

Acres <1/4 Acre Building Information No Furniture Building Utilities ElectricSewerWaterGas Connected Disclosure Other PackageSales Disclosure On File Disclosures Not Applicable Expenses 18000 Green Certification YN No Gross Operating Income 60600 Laundry Nolaundry Lot Number 1 New Construction YN No Number Of Units Total 11 Operating Expense Includes InsuranceMaintenancePropTaxesRepairsUtilities Possession Tenant's Rights Property Attached YN No Property Sub Type Commercial Units - 5+ Reo Relocation YN No Rooms Total 0 Semi Annual Property Tax Amt 1646 Solid Waste No Tax Exemption None Tax Year 2020 Tenant Pays Rent Only Township Center Transaction Type Sale

Listing provided courtesy of Starr Real Estate, Inc.. © 2022 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2022 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Ferris Property Group.
 
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Ferris Property Group
5868 E. 71st Street, Suite E-609
Indianapolis IN, 46220