2802 S Hackley Street, Muncie, IN 47302
- $95,000
- List Price
- $95,000
- MLS#
- 22106580
- Days on Market
- 52
- Status
- ACTIVE
Property Description
Investment opportunity featuring one occupied unit and one vacant unit ready for lease-up. Unit 2802 is currently rented at $650/month with tenant paying gas/electric, while Unit 2804 has a prospective Section 8 tenant approved at $800/month and expected to move in next month, bringing projected gross monthly income to $1,450/month. Tenants have historically paid their own utilities, helping keep operating expenses low. Recent improvements include updated flooring and interior finishes, along with a newer sump pump and gas heaters replaced within the last five years. This property offers additional value-add potential through future rent increases, operational efficiencies, and continued portfolio optimization. Whether you're a seasoned investor or looking to acquire your first multifamily property, this duplex presents an affordable entry point with established income and upside.
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Additional Information
- Expenses
- 84
- Tenant Pays
- All Utilities
- Foundation
- Block, Stone
- Stories
- Two
- Acres
- 0.15
- Heat
- Natural Gas
- Cooling
- Window Unit(s)
- Financing
- Conventional, Lease Purchase
- Region
- Center
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Listing courtesy of Rosewood Real Estate.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative