805-811 W North Street

Exceptional multifamily investment opportunity situated at 805811 W North St in Muncie, conveniently located just minutes from the Ball State University campus. This well-configured four-unit residential property features two main-level 2-bedroom, 1-bathroom units and two upper-level 1-bedroom, 1-bathroom units. Each residence is equipped with efficient all-electric heating for streamlined utility management, with updated carpeting installed throughout within the last five years. Unit 809 is currently occupied on a flexible month-to-month lease at $475 per month, offering immediate operational stability while preserving substantial revenue upside. With projected market rental rates estimated at $800 per month for the 2-bedroom units and $650 per month for the 1-bedroom units, this asset boasts a target gross monthly income potential of $2,900 ($34,800 annually). A standout addition to any portfolio, combining high-demand location convenience with clear value-add potential.