Muncie, IN 47303 1112-1114 N Elm Street
$115,000
Pending
23 more
Presented By: Lisa Buckner with RE/MAX Real Estate Groups;
Beds • 9
Baths • 3
SQFT • 1,868
Home Details
Income-producing triplex currently generating $2,135 per month in gross rental income! This property offers three separate units consisting of two 1-bedroom units and one 2-bedroom unit, providing an established multi-unit investment opportunity. The property features separate living spaces with kitchens and baths for each unit, along with a mix of updated flooring, cabinetry and finishes throughout. Exterior vinyl siding and a covered front porch add to the property, while the layout provides three distinct rental units under one roof. With $25,620 in current annual gross rental income, this triplex offers an opportunity to add an income-producing property to your portfolio without starting from scratch. Whether you're looking to expand an existing rental portfolio or purchase your first multi-unit investment, the numbers make this one worth a look. Current rents total $2,135/month. Buyer to verify rents, expenses, leases, utilities and all other investment information.
Presented By: Lisa Buckner with RE/MAX Real Estate Groups;
Interior Features for 1112-1114 N Elm Street
Bedrooms
Num. of 1 Bedrooms1
Num. of 2 Bedrooms1
Num. of 3 Bedrooms2
Num. of 4 Bedrooms0
Unit 1-# of Bedrooms1
Unit 2-# of Bedrooms1
Unit 3-# of Bedrooms2
Above Grade Bedrooms4
Beds4
Below Grade Bedrooms
Bathrooms
Unit 1-# of Bathrooms1
Unit 2-# of Bathrooms1
Unit 3-# of Bathrooms1
Below Grade Baths
Other Interior Features
Unit 3 SqFt1064
Unit 1 SqFt490
Unit 2 SqFt270
Total Finished SqFt1868
Basement Y/NYes
Above Grade Finished SqFt1868
Above Grade Unfin. SqFt0
Below Grade Finished SqFt0
Below Grade Unfin. SqFt934
Main Level SqFt934
Num. of Efficiencies0
BasementUnfinished
Dishwasher(s)
Disposal(s)
Dryer(s)
FlooringCarpet, Vinyl
Microwaves3
Ranges/Ovens3
Refrigerators3
Total Number of Units3
W/D Hookups
Washers
Other Rooms
Total Rooms Below Grade
General for 1112-1114 N Elm Street
# of Buildings1
Age133
Agent First NameLisa
Agent Last NameBuckner
Annual Electric Expense2429
Annual Fuel Expense1305
Annual Insurance Expense1050
Annual Trash Expense
Architectural StyleOther
AreaDelaware County
Assoc. Dues FrequencyNot Applicable
Assoc. Restrictions Y/NNo
Associated Document Count2
Auction Y/NNo
Bathrooms3
CityMuncie
ClassINVESTMENT
Common AmenitiesNone
CoolingWindow
DOM55
Elementary SchoolEast Washington Academy
FIPS Code18035
FeaturesBasement, Off Street Parking, Cable Ready, Patio Covered
Full Baths3
Half Baths
HeatingGas
High SchoolCentral
Legal DescriptionW L CO 2 ADD LOT 25
Middle SchoolNorthside
Net Income11936
New ConstructionNo
OwnerPaysElectric, Heating, Lawn Maintenance, Sewer, Snow Removal, Trash Collection, Water
ParkingGravel
Pet Restrictions Y/NNo
REONo
Rent Income25620
School DistrictMuncie Community Schools
SewerPublic
StatusPending
StatusPending
Status Detail0
Stories Count2
StyleTwo Story
SubdivisionNone
Tax Year2000
Tenant PaysCable
Total Sq Ft2802
TownshipCenter
TypeTriplex
Virtual TourClick here
Year Built1893
Exterior for 1112-1114 N Elm Street
Approx. Lot Size Acres0.184
DrivewayConcrete
Electric Meters1
ExteriorVinyl
FenceNone
Gas Meters1
Lot DescriptionLevel
Lot Dimensions50x160
Lot Size Area8000
Number of Parking Spaces4
OutbuildingNone
PoolNo
ROOF MATERIALAsphalt, Shingle
Road AccessCity
Road SurfacePaved
Water FeaturesNone
Water Meters1
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Northside Middle School
High School
Central High School
Elementary School
East Washington Academy Elementary School
Ryan Orr
Broker / Auctioneer