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 quadplex. Buy only this property, combine it with other listings, or acquire the entire portfolio. Flexibility is yours. Situated at 802-808 W Charles St, this 4 unit property features two units on the bottom level and two units on top, with a common interior entry. Three units have 1 bedroom and 1 bathroom and one unit has 2 bedrooms and 1 bathroom. Electricity is separately metered. Gas and water/sewer are currently on a shared meter, presenting an opportunity for utility restructuring to add additional value and enhance your ROI. With some repairs and cosmetic updates, it can be quickly prepared for lease or resale. This specific property is located in the Old West End Historic District, which is currently experiencing a good amount of revitalization and is within walking distance of downtown and the central business district! 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!
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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 quadplex. Buy only this property, combine it with other listings, or acquire the entire portfolio. Flexibility is yours. Situated at 802-808 W Charles St, this 4 unit property features two units on the bottom level and two units on top, with a common interior entry. Three units have 1 bedroom and 1 bathroom and one unit has 2 bedrooms and 1 bathroom. Electricity is separately metered. Gas and water/sewer are currently on a shared meter, presenting an opportunity for utility restructuring to add additional value and enhance your ROI. With some repairs and cosmetic updates, it can be quickly prepared for lease or resale. This specific property is located in the Old West End Historic District, which is currently experiencing a good amount of revitalization and is within walking distance of downtown and the central business district! 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!
© 2025 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Mike Price Realty Team - RE/MAX Centerstone.
Based on information submitted to the MLS GRID as of 2025-07-18T00:25:47.68. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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