1001 W 1st Street, Muncie, IN 47305

Property Description

Add this income-producing property to your portfolio and start collecting rent from day one. Currently fully occupied, this duplex generates consistent cash flow with tenants already in place. The lower unit features a spacious 3-bedroom, 1.5-bath layout with a large living room and a well-equipped kitchen offering abundant cabinet storage. Recent updates include a new electric range, new refrigerator, updated flooring, and new carpet throughout the unit. A dedicated laundry room adds convenience for tenants. The current tenant pays $900 per month and is responsible for gas and electric utilities. Additional improvements include recent ductwork repairs. The upper unit offers a comfortable 1-bedroom, 1-bath layout with a kitchenette and attractive high ceilings that create an open feel. Large windows provide excellent natural light throughout the space. The unit includes a refrigerator and has benefited from some plumbing updates and new flooring within the last two years. The current tenant pays $600 per month and is responsible for their electric utility. With $1,500 in monthly rental income, recent improvements, and stable occupancy, this property presents an excellent opportunity for investors seeking immediate cash flow and long-term portfolio growth.