720 W Jackson Street, Muncie, IN 47305

Other
THB ฿4,212,130
USD $130,000
Published on: 09 Jan 2025
Last updated on: 28 Jun 2025
720 W Jackson Street, Muncie, IN 47305
720 W Jackson Street, Muncie, IN 47305
720 W Jackson Street, Muncie, IN 47305
+50
720 W Jackson Street, Muncie, IN 47305
  • 50
Property ID: 110096660872
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Multi-Family 5+, Traditonalamerican - Muncie, IN

720 W Jackson Street, Muncie, IN 47305
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 5 unit apartment building. Buy only this property, combine it with other listings, or acquire the entire portfolio. Flexibility is yours. Situated at 720-722.5 W Jackson St, this 5 unit property features three units on the bottom level and two units on top. Four units have 1 bedroom and 1 bathroom and the fifth is an efficiency unit. Electricity and gas are separately metered for the four 1br units and the efficiency unit runs off another units elec/gas, Water/sewer are currently on a shared meter, presenting an opportunity for utility restructuring to add additional value and enhance your ROI. There is also a potential to combine the efficiency unit with the adjacent 1br unit, creating a larger 2br unit and taking the property from commercial to residential, which opens up more financing opportunities. The property is a major fixer and needs work both inside and out but it has a ton of potential. It 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 uni

Property Details

Basic Info

Property Type
Other
Listing Status
Pending
Land Size
728.43 m2
Building Size
361.21 m2
Year Built
1900
Architecture Style
Other
County
Delaware
Parcel ID
181109460010000003
Provider
MIBOR Service Corporation
Brokerage Office Name
Keller Williams Indianapolis Metro North
Brokerage Office Phone
317-846-6300
Neighbourhoods
1806 - Delaware - Delaware
Address
720 W Jackson Street, Muncie, IN 47305
Contact Agent
Peter Stewart
Keller Williams Indpls Metro N
N Meridian St Ste 450, Carmel, IN 46032-5505
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Peter Stewart
N Meridian St Ste 450, Carmel, IN 46032-5505
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      Property ID: 110096660872

      Original Property ID: 3yd-MIBORIN-22015522
      Data provided by MIBOR Service Corporation, MLS #: 22015522
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