1618 E 24th Street
Muncie, IN 47302
- 2 beds
- 1 bath
- 936 sqft
- 7,830 sqft lot
- $106 per sqft
- 1956 build
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.
Last checked:
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Checkingā¦
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Last updated Mar 28, 2025
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MLS# 22027142 ā
The Building
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Year Built:1956
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New Construction:false
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Construction Materials:Aluminum Siding, Wood
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Architectural Style:TraditonalAmerican
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Levels:One
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Basement:false
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Foundation Details:Crawl Space
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Accessibility Features:No
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Green Certification:No
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Building Area Total:936
Interior
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Rooms:4
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Rooms Total:4
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Rooms Total:4
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Interior Features:Hardwood Floors, Screens Complete, Storms Complete, Window Metal, WoodWorkStain/Painted
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Eating Area:Dining Combo/Kitchen
Room Dimensions
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SqFt:936
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Main Level SqFt:936
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Living Area:936
Location
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Directions:GPS Friendly
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Latitude:40.166693
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Longitude:-85.367927
The Property
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View:true
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:false
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Parcel Number:181122476039000003
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Acres:<1/4 Acre
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Lot Size Acres:0.18
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Lot Size SqFt:7,830 Sqft
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Price Per Acre:555556
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Horse Amenities:None
Listing Agent
- Contact info:
- Agent phone:
- (317) 903-9786
- Office phone:
- (317) 412-1572
Taxes
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Tax Lot:24
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Tax Year:2023
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Semi Annual Property Tax Amt:570
Beds
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Beds:2
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Bedrooms:2
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Bedrooms Total:2
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Main Level Bedrooms:2
Baths
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Baths:1
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Full Baths:1
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Full Baths:1
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Full Baths Main:1
Heating & Cooling
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Heating:Electric
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Cooling:Central Electric
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Fuel:No Fuel Source
Utilities
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Water Source:Municipal/City
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Solid Waste:No
Appliances
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Appliances:Electric Oven, Refrigerator, Water Heater
Schools
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High School District:Muncie Community Schools
The Community
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Subdivision Name:No Subdivision
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Association:false
Parking
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Parking Features:Carport
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Garage:false
Monthly cost estimate
Asking price
$100,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$535
|
| Taxes | $95 |
| Insurance | $27 |
| Utilities | $132 See report |
| Total | $789/mo.* |
| *This is an estimate |
Walk ScoreĀ®
Provided by WalkScoreĀ® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walkerās Paradise).
Bike ScoreĀ®
Provided by WalkScoreĀ® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Bikerās Paradise).
Soundscoreā¢
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNowĀ®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/21/25
Mar 21, 2025
|
Price Changed | MIBOR | $100,000 | -81.0% |
|
3/17/25
Mar 17, 2025
|
Listed / Active | MIBOR | $525,000 |
