1709 S Elm St Muncie, IN 47302
South Central NeighborhoodEstimated payment $908/month
Total Views
7,442
2
Beds
1
Bath
--
Sq Ft
--
Price per Sq Ft
About This Home
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 Property Highlights: Fully Remodeled (2023/2024) - Modern upgrades throughout both units Immediate Rental Income - Lower unit rented at $949/month, the upstairs unit to be leased on March 10, 2025 at $700/month Tenants Pay All Utilities - Lower expenses for the owner Separate Meters - Tenants responsible for all utilities Professional Management - Professionally managed by Morgan Properties for a turn-key investment opportunity with a team already in place to support you. Located in a growing rental market, this duplex is an ideal addition to any investor's portfolio. With stable tenants and updated interiors, it's a turnkey property ready to generate income. Property is being sold As-Is. The property is in need of some maintenance and repairs. Don't miss out!
Last Listed By
Boots Realty, LLC Brokerage Email: sales@bootsrei.com License #RB19001130 Listed on: 03/05/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,036
Year Built
- Built in 1894 | Remodeled
Parking
- Alley Access
Home Design
- Duplex
- Block Foundation
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Additional Features
- 2-Story Property
- 6,350 Sq Ft Lot
- Forced Air Heating System
- Basement
Community Details
- G Addition Subdivision
Listing and Financial Details
- The owner pays for insurance, lawncare, taxes
- Tax Lot 55-56
- Assessor Parcel Number 181115357025000003
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,288 | $59,000 | $6,400 | $52,600 |
| 2023 | $1,036 | $46,400 | $5,400 | $41,000 |
| 2022 | $970 | $43,100 | $5,400 | $37,700 |
| 2021 | $804 | $34,800 | $3,500 | $31,300 |
| 2020 | $852 | $37,200 | $5,900 | $31,300 |
| 2019 | $768 | $32,500 | $5,900 | $26,600 |
| 2018 | $768 | $32,500 | $5,900 | $26,600 |
| 2017 | $778 | $33,000 | $6,500 | $26,500 |
| 2016 | $778 | $33,000 | $6,500 | $26,500 |
| 2014 | $1,015 | $48,600 | $7,300 | $41,300 |
| 2013 | -- | $48,200 | $7,300 | $40,900 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2025 05/23/25 | Price Changed | $155,000 | -3.1% | -- |
| 03/24/2025 03/24/25 | For Sale | $160,000 | 0.0% | -- |
| 03/09/2025 03/09/25 | Pending | -- | -- | -- |
| 03/05/2025 03/05/25 | For Sale | $160,000 | +627.3% | -- |
| 09/30/2022 09/30/22 | Sold | $22,000 | -37.0% | $11 / Sq Ft |
| 09/15/2022 09/15/22 | Pending | -- | -- | -- |
| 08/03/2022 08/03/22 | Price Changed | $34,900 | +16.7% | $17 / Sq Ft |
| 07/30/2022 07/30/22 | For Sale | $29,900 | -- | $15 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $120,000 | Fidelity National Title | |
| Warranty Deed | $22,000 | -- | |
| Warranty Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $80,500 | New Conventional | |
| Closed | $80,500 | New Conventional | |
| Previous Owner | $50,000 | New Conventional |
Source: Public Records
Similar Homes in Muncie, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22025319
APN: 18-11-15-357-025.000-003
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