2 Story, 10 unit apartment building. Currently 90% occupied. Nine 2 bedroom units, one 1 bedroom unit. Recently renovated. On-site, serviced coin-op laundry. Large .50 acre lot with room for additional building. Covered parking stalls. Affordable rents appeal to a large market of tenants. 1st year rent guarantee offered, see website link for detail..
Walled courtyards surrounds this property in prime location! All personally managed and very well-maintained by owner who's ready to retire. Beautiful landscaping. New city sewer in & taps pending.
May sell separately at $382,500: One building with seven 2-3BR/1BA apts 100% occupied with long term leases as of March 2008 (1@$450, 3@$500, 3@$5..
422 W HOWARD MUNCIE
Nice income producing 5-unit investment property. Seller reports: all new electrical wiring & panels, plumbing, carpet & vinyl floors, appliances, electric baseboard heaters and storm
windows in 2005. New membrane roof in rear portion in 2006. Garage has been converted into 5th unit. Cap rate @ 17%!!!
Property management is in p..
This property will be offered at AUCTION. It consists of 1 - 20 unit apartment building - 1 bedroom. It will be offered together with 2 commercial buildings and offered separately.
