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

Attachments & Media

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

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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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