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1618 E 24th Street, 
Muncie, IN 47302

$200,000


2

Beds


1

Bath


936

Sq Ft


Single Family

Active

Listed by

Richard Graham

Jmg Indiana

317-888-4639

Last updated:

April 17, 2025, 11:37 PM

MLS#

22033416

Source:

IN MIBOR

About This Home

1618 E 24th Street

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.

Home Facts

Single Family

1 Bath

2 Bedrooms

Built in 1956

Price Summary

200,000

$213 per Sq. Ft.

MLS #:

22033416

Last Updated:

April 17, 2025, 11:37 PM

Added:

16 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

936 Sq. Ft.


Structure

Structure

Architectural Style:

TraditonalAmerican

Building Area:

936 Sq. Ft.

Year Built:

1956


Lot

Lot Size (Sq. Ft):

7,840


Finances & Disclosures

Finances

Price:

$200,000

Price per Sq. Ft:

$213 per Sq. Ft.

Source:IN MIBOR
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