800 W Lindweth Place Muncie, IN 47303
Minnetrista NeighborhoodEstimated payment $1,956/month
Total Views
5,802
3
Beds
2
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Traditional Architecture
- 2 Car Attached Garage
- 3-minute walk to Delaware County Fairgrounds
About This Home
Cash flowing duplex, Unit 1 is 2 bed 1 bath and unit 2 is 1 bed 1 bath. Update completed in 2022, newer appliances, fresh interior paint. Water Heater less than 3 years old. Unit 1 rent is $800 a month and Unit 2 rent is $675 a month with 20% down return is 9% annualized. $100 rent increase makes that return 14%. Proforma snapshot included in documents. Owner pays w/s/t. Economic growth remains steady with strong housing demand per Indiana Business review. The most recent forecast from Indiana University's Center for Econometric Model Research shows employment growth of 1.89% over the next two years (2023 Q4 to 2025 Q4). Personal income is expected to increase 3.4% through 2027. Property is being offered as part of a 4 unit package. An additional 2 unit package is also available, addresses and financials included in attached documents. Attached photos were taken before property was rented. Seller will not work with wholesalers or consider creative finance options. For additional questions and to arrange showings reach out to listing agent. Proof of funds and 24hr notice required for all showings
Last Listed By
JMG Indiana Brokerage Email: Richardgraham@jasonmitchellgroup.com License #RB16001345 Listed on: 04/17/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,676
Year Built
- Built in 1928
Parking
- 2 Car Attached Garage
Home Design
- Duplex
- Traditional Architecture
- Vinyl Siding
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Additional Features
- 1.5-Story Property
- 8,775 Sq Ft Lot
- Basement
Community Details
- No Laundry Facilities
Listing and Financial Details
- Tax Lot 6-7,6
- Assessor Parcel Number 181109206016000003
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 | $1,674 | $77,800 | $9,900 | $67,900 |
| 2023 | $1,676 | $77,800 | $9,900 | $67,900 |
| 2022 | $1,690 | $78,500 | $9,900 | $68,600 |
| 2021 | $1,598 | $73,900 | $11,200 | $62,700 |
| 2020 | $1,528 | $70,400 | $11,200 | $59,200 |
| 2019 | $1,528 | $70,400 | $11,200 | $59,200 |
| 2018 | $1,820 | $85,000 | $11,200 | $73,800 |
| 2017 | $1,798 | $83,900 | $11,200 | $72,700 |
| 2016 | $1,798 | $83,900 | $11,200 | $72,700 |
| 2014 | $1,687 | $81,700 | $11,200 | $70,500 |
| 2013 | -- | $80,900 | $11,200 | $69,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/17/2025 04/17/25 | For Sale | $325,000 | +198.4% | -- |
| 08/09/2022 08/09/22 | Sold | $108,900 | -8.4% | $50 / Sq Ft |
| 07/09/2022 07/09/22 | Pending | -- | -- | -- |
| 06/28/2022 06/28/22 | For Sale | $118,900 | 0.0% | $55 / Sq Ft |
| 06/12/2022 06/12/22 | Pending | -- | -- | -- |
| 06/07/2022 06/07/22 | For Sale | $118,900 | -- | $55 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Trulock James W |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $92,565 | Credit Line Revolving |
Source: Public Records
Similar Home in Muncie, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22033094
APN: 18-11-09-206-016.000-003
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