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South Central Multifamily Home for Sale

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    $155,000

    • 2 Beds
    • 1 Bath

    1709 S Elm St, Muncie, IN 47302

    Turnkey Duplex Investment Opportunity! Attention investors! This fully remodeled duplex offers an excellent opportunity for immediate cash flow. Renovated in early 2024, this property is professionally managed by Morgan Properties and features two updated units with fully split utilities, allowing the burden of those costs to fall directly on to your tenants. GROSS INCOME: $1,649.00/MONTH

    Ryan Boots Boots Realty, LLC

    1709 S Elm St, Muncie, IN 47302

Why Live in South Central

South Central in Muncie is a mixed-use neighborhood located just a mile south of downtown, making it a convenient 20-minute walk or a short drive to the city center. The area includes residential and industrial spaces, with auto shops, contractor offices, and supply stores prevalent. Housing here consists mainly of small single-family homes built between the 1880s and early 1900s, featuring bungalows and traditional styles, often shaded by mature trees. Many homes require significant renovations, contributing to lower real estate prices compared to the city average. The neighborhood's proximity to amenities like Heekin Park, Delaware County's Family Resource Center, and the Maring-Hunt Library provides residents with ample resources and community engagement opportunities. Heekin Park offers playgrounds, sports courts, and memorials, while the library features educational programming and a community garden. Dining options include Comets Downtown, Thai Kitchen, and Indy Steak, Fish & Chicken, with fresh produce available at the nearby Downtown Farm Stand and ALDI. South Central is served by MITS bus routes, facilitating easy access to other parts of Muncie. The closest medical center is IU Health Ball Memorial Hospital, 3 miles west, and major airports are Fort Wayne International, 68 miles away, and Indianapolis International, 75 miles away. The neighborhood has a crime rate comparable to the national average, making it a practical choice for those working in the local industries or seeking affordable housing near downtown Muncie.

Home Trends in South Central, IN

Housing Trends

Median Sale Price
$404,990
Median Single Family Sale Price
$464,945
Median Townhouse Sale Price
$850,000
Median 1 Bedroom Sale Price
$985,000
Average Price Per Sq Ft
$260
Number of Homes for Sale
4
Last 12 months Home Sales
19
Months of Supply
2.50
Median List Price
$524,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-24%
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