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1708 W 7th Street, 
Muncie, IN 47302

$325,000


3

Beds


1

Bath


1,215

Sq Ft


Single Family

Active

Listed by

Richard Graham

Jmg Indiana

317-888-4639

Last updated:

April 17, 2025, 11:37 PM

MLS#

22033091

Source:

IN MIBOR

About This Home

1708 W 7th Street

Cash flowing 3 bed 1 bath home. Update completed in 2022, new flooring throughout, updated appliances, fresh interior paint. Furnace and Water Heater less than 3 years old. This is a Section 8 property. Current rent is $784 a month with 20% down return is 9% annualized. $100 rent increase makes that return 13%. 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). Personal income is expected to increase 3.4% through 2027 Property is being offered as part of a 4 unit package. An additional 2 unit package is also available, addresses and financials included in attached documents. Attached photos were taken before property was rented. Seller will not work with wholesalers or consider creative finance options. For additional questions and to arrange showings reach out to listing agent. Proof of funds and 24hr notice required for all showings

Home Facts

Single Family

1 Bath

3 Bedrooms

Built in 1896

Price Summary

325,000

$267 per Sq. Ft.

MLS #:

22033091

Last Updated:

April 17, 2025, 11:37 PM

Added:

14 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

1,215 Sq. Ft.


Structure

Structure

Architectural Style:

TraditonalAmerican

Building Area:

1,215 Sq. Ft.

Year Built:

1896


Lot

Lot Size (Sq. Ft):

5,227


Finances & Disclosures

Finances

Price:

$325,000

Price per Sq. Ft:

$267 per Sq. Ft.

Source:IN MIBOR
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