#22013645, Heather Clemmons, Listing Office: Starr Real Estate LLC
1708 W 7th St Muncie, IN 47302
Property details
About 1708 W 7th St
Cash flowing 3 bed 1 bath home. Update completed in 2022, new flooring throughout, updated appliances, fresh interior paint. Furnace and Water Heater less than 3 years old. This is a Section 8 property. Current rent is $784 a month with 20% down return is 9% annualized. $100 rent increase makes that return 13%. Proforma snapshot included in documents. Tenant pays all utilities. Economic growth remains steady with strong housing demand per Indiana Business review. The most recent forecast from Indiana University's Center for Econometric Model Research shows employment growth of 1.89% over the next two years (2023 Q4 to 2025 Q4). Personal income is expected to increase 3.4% through 2027 Property is being offered as part of a 4 unit package. An additional 2 unit package is also available, addresses and financials included in attached documents. Attached photos were taken before property was rented. Seller will not work with wholesalers or consider creative finance options. For additional questions and to arrange showings reach out to listing agent. Proof of funds and 24hr notice required for all showings
Highlights
Summary
- MLS Number: 22027138
- MLS Name: MIBOR
- Office Name: Fair Market Value Investment Sales
- Office Email: Rich.graham@ellsburygroup.com
- Listing Agent: Richard Graham
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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Last updated on: 4/5/2025, 4:16:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$85,000
1708 W 7th St
$1,009
closing credit¹
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0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Aug 02, 2022 | Home Sold | $13,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $14,800 | $637 |
2022 | $12,800 | $256 |
2021 | $11,200 | $331 |
2019 | $12,800 | $108 |
2017 | $15,700 | $767 |
History based on county public records data.
Nearby schools
2
South View Elementary School
Public District PK-5
1.0 mi
•2100 S Franklin St
4
West View Elementary School
Public District PK-5
1.4 mi
•3401 W Gilbert St
6
East Washington Academy
Public District PK-5
1.8 mi
•1000 E Washington St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $31,496. Typical income of Muncie, IN residents is less than $<35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
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Frequently asked questions
Living in Muncie, IN
About 1708 W 7th St
This home is located at 1708 W 7th St in Muncie, IN and zip code 47302. This 1,215 square foot home, which was built in 1896, sits on a 0.12 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 17, 2025 and is currently priced at $85,000.
In March 2025 more than 18 listings in Muncie, IN were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 46 were sold below. Between February and March 2025, Muncie, IN real estate market has seen increase in the number of listings by 12.9%. In March 2025 median list price was $145,323 and the average listing age was 40 days.