2207 South Walnut Street

Muncie, IN 47302

$85,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investment opportunity with this fully occupied triplex generating $1,800/month in rental income! Conveniently located in an up-and-coming area, this property features three units. Two 1-bedroom/1-bath units and One 2-bedroom unit/1 bath unit. The utilities are not separate, and the owner pays all utilities. The average monthly utility cost is $175-$300 depending on the month. Tenant in Unit#1($500 rent) is on a month-to-month lease, Tenant in Unit#2($600 rent) is on a year lease and doesn't plan...Investment opportunity with this fully occupied triplex generating $1,800/month in rental income! Conveniently located in an up-and-coming area, this property features three units. Two 1-bedroom/1-bath units and One 2-bedroom unit/1 bath unit. The utilities are not separate, and the owner pays all utilities. The average monthly utility cost is $175-$300 depending on the month. Tenant in Unit#1($500 rent) is on a month-to-month lease, Tenant in Unit#2($600 rent) is on a year lease and doesn't plan to leave anytime soon. The tenant in Unit#3($700 rent) is on a 6-month lease and plans to renew. The property is being sold AS-IS and owner will not make any repairs. This is a great property to add to your portfolio. 48-hour notice for all showings and only Unit #3 is available to tour until an offer is accepted!
  1. Listed by Danielle Shouse • Shouse Realty Group LLC • danielle@shouserealtygroup.com

Property Details for 2207 South Walnut Street

Subdivision Name
No Subdivision
Township
Center
LISTING UPDATED: 12/28/2024 05:15 PM

Property Details for 2207 South Walnut Street

StatusActive
MLS #22015951
Days on Market8
Taxes$553 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1900
Lot Size0.09 AC / 3,920 SF
CountyDelaware County

Building Information for 2207 South Walnut Street

Stories-Residences3Year Built1900Building Size-Lot Size0.09 AC / 3,920 SF

Property Information for 2207 South Walnut Street

Summary
Location and General Information
  • City: Muncie
  • County Or Parish: Delaware
  • Directions: GPS Friendly
  • Postal Code: 47302
  • Postal Code Plus4: 4170
  • Road Access: Not Applic
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 181121241008000003
  • Semi Annual Property Tax Amt: 553
  • Tax Year: 2023
  • TaxLot: 2,3
  • Tax Block: 128
School Information
  • High School: Muncie Central High School
  • Middle Or Junior School: Southside Middle School
  • School District: Muncie Community Schools
Owner
  • Owner Pays: All Utilities
Parking
  • Garage Spaces: 2.0
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Apt<20
  • Lot Description: Access
  • Lot Size Square Feet: 3750.0
  • Lot Size Acres: 0.09
  • New Construction: False
  • Year Built Numeric: 1900
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Legal Subdivision: Aldrich Add Blk 128 S10ft Lot 2 & N20ft Lot 3
  • Photos Count: 6
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Municipal Storm Connected
  • Solid Waste: No
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
Interior Features
  • Basement YN: Yes
  • Levels: Two
  • Laundry Features: No Laundry Facil.
Multi Family
Multi-Family Information
  • Total Units: 3
  • Garage Parking: 1 Car Space
Income & Expenses
  • Expenses: 4060
  • Net Operating Income: $16,700.00
  • Gross Income: $21,600.00
Unit 1
  • Unit Kitchen: 3X7
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas,Heat Forced
  • Unit Type Type: 1 Bedroom
Unit 2
  • Unit Kitchen: 6X8
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas,Heat Forced
  • Unit Type Type: 1 Bedroom
Unit 3
  • Unit Kitchen: 8X8
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom
Rental
Rental Information
  • Tenant Pays: Rent Only

Property History for 2207 South Walnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2207 South Walnut Street

Taxable ValueLand$3,200Additions$46,200Total$49,400
Tax Record2023$1,106 ($92 / month)
Home Facts
Baths3Total Finished SqFt2,164 SqFtAbove Grade Finished SqFt2,164 SqFtStories2Lot Size3,750 SqFtStyleTriplexYear Built1900CountyDELAWAREAPN18-11-21-241-008.000-003

Schools near 2207 South Walnut Street

This home is within Muncie Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 12
Public - 6 to 8
Public - K to 12
Rating
School
Distance
South View Elementary School
PublicPK to 5

Muncie Central High School
PublicPK to 12

Wilson Middle School
Public6 to 8

Muncie Virtual Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2207 South Walnut Street is a multi-family home for sale in Muncie, IN 47302. This property was listed for sale on December 26, 2024 by Shouse Realty Group LLC, it's currently listed at $85,000. It has been on the market for a total of 8 days and was last sold on May 18, 2022. This listing's school district is Muncie Community Schools. Nearby schools include South View Elementary School, Muncie Central High School and Wilson Middle School. 2207 South Walnut Street is a 0-bed, 0-bath, multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Shouse Realty Group LLC

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.