2802 S Hackley St, Muncie, IN 47302

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 efficiencie...