100% Occupied Quadplex
109 1/2 N Martin St. Muncie, IN 47303
Pick up this 100% Occupied QUADPLEX in Muncie, IN
PRICE: $159,000
ARV: $234K
ARV Calculated by dividing NOI with Potential Rents and the average 9% Cap Rate for the 63115 Zip Code
Actual Rent: $2,140/month
Potential Rent: $2,664/month (Per Rentometer Averages)
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Unit Mix:
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Three 1BR/1 Bath Unit
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One 2BR/1 Bath Unit
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Occupancy: 100% Vacant
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Taxes: $1,398
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Insurance: $650
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Utilities: Owner pays for all utilities. (One Meter)
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Building Square Footage: 1,828 Sq Ft
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Lot Size: 5,888 Sq Ft
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Year Built: 1910
TEXTING IS THE FASTEST WAY TO GET A HOLD OF US!
If you have any questions about this property, please contact:
Primary Contact: Larry Keith (463) 240-1822
You can see inside this property now. Click the image below to the current condition of each units, exterior, and basement.
Address: 109 1/2 N Martin St. Muncie, IN 47303
Units: 4
Current Rents: $430-$700/Unit
Market Rents: $583-$873/Unit
Management: Currently self-managed, but excellent local property management company ready to step in and manage this one for the next owner.
Pro Forma CAP Rate: 10.63% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)
Price: $159,000 (Cash, Hard Money, or Private Money)
Due Diligence: While we do our best to get all the relevant information to you, buyers are encouraged to do their own due diligence. (See Important Disclosures Below)
If you have any questions on this
property, please contact:
Larry Keith
Five Stream Ventures, LLC.
(463) 240-1822
Important Disclosures Five Stream Ventures, LLC. is not an appraiser or a general contractor and does not claim to be one. Buyer is to do their own independent due diligence. All properties are sold as is, where is with no warranties or representations expressed or implied. Five Stream Ventures, LLC. is a real estate investment firm and does not claim to be licensed real estate agents or brokers.