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Do you have properties or non-property goods (i.e. appliances, staging items, etc) that you're looking to sell? List your properties and goods on the CIREIA site to receive exposure to the largest assembly of real estate investors in Indiana.

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      10 Unit | 100% Occupied | Package Deal in Muncie | $187,500

      • September 25, 2020 1:10 PM
        Message # 9264782
        Deleted user

        ATTENTION MULTIFAMILY INVESTORS

        Great opportunity to add this
        stable cash-flowing 10 unit investment package to your portfolio. This package currently grossing $5,700/month on actuals! With that level of gross income, this one package is at a whopping 24.42% cap rate. Awesome! This package consists of one 7 unit apartment building and one 3 unit triplex. Both are 100% occupied.


        The W. Adams (7 Units) property has two newer gas furnaces, 8 year old water heaters, a slate roof and off street parking. It is located just southwest of downtown Muncie, Indiana. It's located in the C+, and gentrifying, Old West End Neighborhood. It is less than 1.5 miles from Ball State University, IU Ball Memorial Hospital and 2 blocks from Ivy Tech Community College.


        The Gharkey property (3 Units) has two 2/1 units and one 1/1 unit. This property has central air conditioning. The current tenants are long-term. (>10 Years) It is located is 1.5 miles southwest of downtown Muncie. It's located in a sold C class (blue collar) neighborhood. Less than 3 miles from Ball State University, IU Ball Memorial Hospital, and Ivy Tech Community college.

        More detail, including a walkthrough video, can be found here: 

        More Detail & Walkthrough Video

        Owner is not interested in splitting up the package.

        Hurry! This one won't last long!

        **This is a wholesale transaction and we direct to the seller. Wholesalers and/or realtors, please add your fee on and bring your buyers. **

        If you have any questions on this, or any other Muncie multifamily properties, please contact :

        Sales@FiveStreamVentures.com
        (972) 836-7705


        6 files
        Last modified: September 25, 2020 1:14 PM | Deleted user