Hi There! Is this Your First Time?
Did you know if you Register you have access to free search tools including the ability to save listings and property searches? Did you know that you can bypass the search altogether and have listings sent directly to your email address? Check out our how-to page for more info.
1618 E 24th Street Muncie IN 47302
- 2
- Bedrooms
- 1
- Baths
- N/A
- SQ. Feet
(Above Ground)
- 0.18
- Acres
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.
Property Details
Interior Features
- Appliances: Electric Oven, Refrigerator, Water Heater
- Heating: Electric
Exterior Features
- # Acres: 0.18
Listing Office: Jmg Indiana
Office Contact: Richardgraham@jasonmitchellgroup.com
Similar Properties To: 1618 E 24th Street, Muncie
No Subdivision
- MLS® #:
- 22030078
- Provider:
- Re/max Real Estate Solutions
No Subdivision
- MLS® #:
- 22033469
- Provider:
- Ever Real Estate, Llc
No Subdivision
- MLS® #:
- 22015252
- Provider:
- Starr Real Estate Llc
No Subdivision
- MLS® #:
- 22028273
- Provider:
- Re/max Complete
No Subdivision
- MLS® #:
- 22033418
- Provider:
- Jmg Indiana
No Subdivision
- MLS® #:
- 22030932
- Provider:
- Starr Real Estate Llc
No Subdivision
- MLS® #:
- 22030663
- Provider:
- Coldwell Banker Real Estate Group
Sherwood Hills
- MLS® #:
- 22012282
- Provider:
- Re/max Realty Group
View all similar properties here
All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2025 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.
Listing information last updated on April 22nd, 2025 at 10:53am EDT.
