PENDING
$10K PRICE DROP
700 W 11th St Muncie, IN 47302
Thomas Park-Avondale NeighborhoodEstimated payment $564/month
Total Views
12,824
6
Beds
3
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Traditional Architecture
- Forced Air Heating System
- Baseboard Heating
About This Home
Investor Alert! Discover a remarkable investment package conveniently located near downtown Muncie. Part of a broader offering of 19 units across 7 properties on 5 parcels (totaling $538K), this particular deal features both a duplex and a single-family home on the same parcel-providing three units in one purchase. Buy only this property, combine it with other listings, or acquire the entire portfolio. Flexibility is yours. Situated at 700-702 W 11th, the duplex occupies a corner lot and offers an up/down layout. Each unit features 2 bedrooms and 1 bathroom, with electricity separately metered. Gas and water/sewer are currently on a shared meter, presenting an opportunity for utility restructuring to add additional value and enhance your ROI. Meanwhile, the single-family home at 1717 S Gharkey is a 2-bedroom, 1-bath ranch boasting a small, fully fenced yard-ideal for tenants seeking privacy or a pet-friendly space. With minimal cleanup, it can be quickly prepared for lease or resale. All properties in this portfolio are vacant, offering a blank canvas for renovations. Condition levels vary, and the pricing reflects their as-is status-giving savvy investors a prime opportunity to add value and maximize returns. Located within about one mile of downtown Muncie, these homes also benefit from convenient access to local amenities and public transportation, further enhancing rental demand. Whether you're looking to expand your portfolio with cash-flowing rentals or prefer a flip strategy, this package provides a golden chance to invest in a rapidly improving area. Don't miss out on these versatile properties-capitalize on this unique opportunity and grow your real estate portfolio today!
Listing Agent
Keller Williams Indpls Metro N Brokerage Email: peter@peterstewartrealty.com License #RB15000083 Listed on: 01/08/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $928
Year Built
- Built in 1880
Lot Details
- 6,436 Sq Ft Lot
Home Design
- Triplex
- Traditional Architecture
- Fixer Upper
- Vinyl Siding
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Utilities
- Forced Air Heating System
- Baseboard Heating
Community Details
- Ream Walling & Spurgeons Subdivision
- No Laundry Facilities
Listing and Financial Details
- The owner pays for gas, sewer, water
- Tax Lot 35
- Assessor Parcel Number 181116456028000003
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 | $7,094 | $54,000 | $5,000 | $49,000 |
| 2023 | $2,861 | $45,800 | $5,000 | $40,800 |
| 2022 | $1,035 | $46,300 | $5,000 | $41,300 |
| 2021 | $759 | $32,500 | $5,400 | $27,100 |
| 2020 | $655 | $27,300 | $4,700 | $22,600 |
| 2019 | $653 | $27,200 | $4,700 | $22,500 |
| 2018 | $707 | $27,200 | $4,700 | $22,500 |
| 2017 | $605 | $24,800 | $4,700 | $20,100 |
| 2016 | $637 | $26,400 | $5,300 | $21,100 |
| 2014 | $598 | $27,700 | $4,700 | $23,000 |
| 2013 | -- | $26,300 | $4,700 | $21,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/25/2025 06/25/25 | Pending | -- | -- | -- |
| 06/10/2025 06/10/25 | Off Market | $89,000 | -- | -- |
| 06/10/2025 06/10/25 | For Sale | $89,000 | 0.0% | -- |
| 05/27/2025 05/27/25 | Off Market | $89,000 | -- | -- |
| 04/17/2025 04/17/25 | Price Changed | $89,000 | -10.1% | -- |
| 01/08/2025 01/08/25 | For Sale | $99,000 | +182.9% | -- |
| 05/10/2019 05/10/19 | Sold | $35,000 | -26.9% | -- |
| 02/19/2019 02/19/19 | For Sale | $47,900 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Hall Render Killian Heath & Ly | |
| Warranty Deed | -- | In Title | |
| Warranty Deed | -- | None Available | |
| Corporate Deed | -- | Youngs Title | |
| Sheriffs Deed | $40,000 | None Available | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $82,451 | Unknown |
Source: Public Records
Similar Homes in Muncie, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22015524
APN: 18-11-16-456-028.000-003
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