3114 W Devon Road

Turnkey 4-Property Muncie Portfolio Strong Cash Flow + MTR Upside If youre looking to hit the ground running with an already-performing rental portfolio, this ones worth a serious look. Were 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 Muncies 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 youd just be executing it. Third-party property management is already in place, so theres 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