402 West 7th Street
$85,000
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Description
Investor Alert! Discover a remarkable investment package conveniently located near downtown Muncie. Part of a broader offering of 19 units across 7 properties on 5 parcels (totaling $538K), this particular deal is a package of two duplexes on the same parcel for a total of 4 units. Buy only these properties, combine them with other listings, or acquire the entire portfolio. Flexibility is yours. The first duplex is situated at 1323-1325 W Liberty St and the second is located at 400-402 W 7th St,...Investor Alert! Discover a remarkable investment package conveniently located near downtown Muncie. Part of a broader offering of 19 units across 7 properties on 5 parcels (totaling $538K), this particular deal is a package of two duplexes on the same parcel for a total of 4 units. Buy only these properties, combine them with other listings, or acquire the entire portfolio. Flexibility is yours. The first duplex is situated at 1323-1325 W Liberty St and the second is located at 400-402 W 7th St, with a shared oversized 1 car garage between the two. They are both single level properties and all units features 1 bedroom and 1 bathroom, with electricity and gas separately metered. Water/sewer are currently on a shared meter, presenting an opportunity for utility restructuring to add additional value and enhance your ROI. Both properties need extensive work and are currently boarded up. All properties in this portfolio are vacant, offering a blank canvas for renovations. Condition levels vary, and the pricing reflects their as-is status-giving savvy investors a prime opportunity to add value and maximize returns. Located within about one mile of each other in and around downtown Muncie, these homes also benefit from convenient access to local amenities and public transportation, further enhancing rental demand. Whether you're looking to expand your portfolio with cash-flowing rentals or prefer a flip strategy, this package provides a golden chance to invest in a rapidly improving area. Don't miss out on these versatile properties-capitalize on this unique opportunity and grow your real estate portfolio today!
- Listed by Peter Stewart • Keller Williams Indpls Metro N • peter@peterstewartrealty.com
Property Details for 402 West 7th Street
Architectural Style
Ranch, TraditonalAmerican
Subdivision NameNo Subdivision
TownshipCenter
WaterfrontNo
LISTING UPDATED: 01/10/2025 12:05 PM
Property Details for 402 West 7th Street
Status | Active |
---|---|
MLS # | 22017122 |
Days on Market | 4 |
Taxes | $444 semi-annually |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Fourplex |
Year Built | 1924 |
Lot Size | 0.18 AC / 7,840 SF |
County | Delaware County |
Building Information for 402 West 7th Street
Stories-Residences4Year Built1924Building Size-Lot Size0.18 AC / 7,840 SF
Property Information for 402 West 7th Street
Property History for 402 West 7th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 402 West 7th Street
Taxable ValueLand$4,200Additions$36,700Total$40,900
Tax Record2021$926 ($77 / month)
Home Facts
Beds2Baths4Total Finished SqFt570 SqFtAbove Grade Finished SqFt570 SqFtUnfinished Basement SqFt1,057 SqFtStories1Lot Size7,750 SqFtStyleCondominiumYear Built1924CountyDELAWAREAPN18-11-16-433-014.000-003
Schools near 402 West 7th 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 |
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South View Elementary School PublicPK to 5 | ||
Muncie Central High School PublicPK to 12 | ||
Wilson Middle School Public6 to 8 | ||
Youth Opportunity Center 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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