Muncie Rental Portfolio
Multi-Family
for Sale
| Catylist Listing ID: |
30824235 |
| Number of Units: |
10 Units |
| Building Size (RSF): |
986 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$575,000 |
| Unit Price: |
$57,500 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/27/2023 |
Overview / Comments
This is a 10 unit residential rental portfolio in Delaware County. Package consists of 5 single family homes, 1 triplex and 1 duplex. The majority of units are in Muncie, with 1 unit in Eaton and the triplex is in Gaston.
This should be a nice, easy portfolio to manage and rent.
Proforma NOI of $56,289 is a 9% cap rate
|
Financials
| Finance Data Year |
2022 |
| Real Estate Taxes - Annual($) |
$6,281 (Annual) |
| Potential Rental Income |
$91,440 (Annual) |
| Net Operating Income |
$56,289 (Annual) |
| Actual or Proforma Year |
Proforma |
Additional Details
| Nearest MSA: |
Muncie |
| County: |
Delaware |
| Tax ID/APN: |
18-11-21-205-014.000-003 |
| Total Number of Buildings: |
6 |
| Property Condition: |
Average |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,153 |
59,021 |
87,835 |
| Median Age: |
36.25 |
33.9 |
36.19 |
| Households: |
4,723 |
22,508 |
34,775 |
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The information presented herein is provided as is, without warranty of any kind.
Neither Indiana Commercial Board of REALTORS® nor
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