3114 W Devon Road
Muncie, IN 47304
Turnkey 4-Property Muncie Portfolio " Strong Cash Flow + MTR Upside If you're looking to hit the ground running with an already-performing rental portfolio, this one's worth a serious look. We're offering a package of four single-family homes in Muncie, Indiana ? all currently tenanted, professionally managed, and generating $41,880 in gross annual rent. Across the four properties you get 9 bedrooms and 4 bathrooms, spread across some of Muncie's more reliable rental corridors. At the asking price of $426,600, that works out to a 7% cap rate and a 10.0 GRM ? solid numbers for a stabilized, turn-key buy. Run it through corporate housing channels and the pro-forma cap rate jumps to 11.09%. The playbook is already mapped out ? you'd just be executing it. Third-party property management is already in place, so there's no operational scramble on day one. The four properties: 3114 W Devon Rd, Muncie, IN 47304 / 312 E Berkley Ave, Muncie, IN 47303 / 106 E Harvard Ave, Muncie, IN 47303 / 808 W Harvard Ave, Muncie, IN 47304
Property Features
Feature Descriptions
Local Schools
Listed By / Shown By
Listed By
Agency Name: RE/MAX Real Estate Groups
Agency Contact: Cell: 765-717-2489
Agent Name: Ryan Kramer
Shown By
Agent Name: Tommy Sunn
Agent Phone: (219) 575-0881
Agency Title: Coldwell Banker 1st Choice
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Coldwell Banker 1st Choice Tommy Sunn (219) 575-0881
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3114 W Devon Road | MLS# 202627583
This multi-family property located at 3114 W Devon Road, Muncie, IN 47304 is currently listed for sale with an asking price of $426,600. W Devon Road is located within the Muncie Community Schools school district. Search Muncie real estate on tsunn.coldwellbanker1stchoice.com today.