408 S College Avenue, Muncie, IN 47303

A great opportunity to add an income-producing property near Ball State University to your rental portfolio! This currently leased and locally managed 3-bedroom, 2-bathroom home offers 1,320 square feet with an open-concept layout and $1,635 in gross monthly rental income.

The interior features grey vinyl flooring, an updated kitchen with white cabinetry, black granite countertops, stainless appliances, a breakfast bar and distinctive metal-style backsplash, plus two full bathrooms and main-level laundry. The living room features a white brick mantel, while three bedrooms and additional storage provide a functional layout throughout.

Outside, the property includes a concrete driveway with partially covered parking and a small storage shed, front and rear patio areas, and additional gravel parking at the rear. Seller reports the roof is approximately 6 years old and the home was extensively remodeled in 2020, with the exception of the tile shower in the second bathroom.

Seller is willing to offer 408 S. College Avenue and 1213 W. Gilbert Street together as a package for $240,000 in total. (Nearly a $20,000 savings versus the individual asking prices). Disclosure: Interior photos were taken when the property was staged and do not reflect current tenant furnishings or occupancy. Furniture, decor and personal property shown in photos are not included in the sale. Property is currently leased and tenant occupied.