716 and 720 W Queen Street

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30785552
Property Subtypes: Student Housing, Other
Status: Pending
Number of Units: 2 Units
Building Size (RSF): 1,107 SF
Gross Land Area: 10,000 SF
Sale Price: $170,000
Unit Price: $85,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/19/2022

Overview / Comments

2 Single family residential houses located on BSU campus. Both houses are currently rented for $700 per month and are leased through July 31, 2022. Rents are currently under market and houses need some minor updating so this is a prime value-add opportunity in the Ball State area. Houses are to be sold together and are sold AS IS. No land contracts please. Minimum 24 hour notice to show.

720 Details:
3bd/1 bath (additional stool/sink/shower in basement)
Full basement
Detached garage
Central A/C and gas heat
Stove/Fridge/W/D included
Taxes $1,384/yr

716 Details:
3bd/1 full and 1 3/4 bath
Full basement
Central A/C and gas heat
Stove/Fridge/W/D included
Taxes $1,398/yr.


Finance Data Year 2021
Real Estate Taxes - Annual($) $2,782 (Annual)

Additional Details

Nearest MSA: Muncie
County: Delaware
Tax ID/APN: 18-11-09-257-003.000-003
Zoning: R-4
Area Description: BSU Campus
Total Number of Buildings: 2
Property Condition: Average
Number of Stories: 1
Year Built: 1924
Exterior Description: Wood siding
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lot Frontage: 40
Lot Depth: 125
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,328 68,121 89,190
Median Age: 25.26 33.94 36.15
Households: 6,916 26,698 35,308


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