712 W Ashland Ave, Muncie, IN 47304

$200,000
4
BD
2
BA
2,060
SqFt

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List Price
$200,000
MLS#
202639861
Property Type
Residential
Levels
Two
Bedrooms
4
Bathrooms
2
Sqft. of Residence
2,060
Year Built
1903
Status
ACTIVE

Property Description

Excellent investment opportunity near Ball State University with an established lease already in place! This charming two-story home offers 2,060 square feet of living space, four bedrooms, two full baths, and a detached one-car garage. The home’s character continues to the third floor, where a spiral staircase leads to a loft-style fourth bedroom—a unique and flexible space. The property is currently rented for $1,545 per month through July 2027, providing immediate rental income for the next owner. The tenants would like to remain beyond the current lease term, making this an especially appealing option for an investor seeking an occupied property without the immediate need to locate new tenants. Recent improvements include a remodeled bathroom, replacement of portions of the roof, and several newer windows. Conveniently located between Ball State University and Downtown Muncie, this property offers easy access to campus, dining, entertainment, and other nearby amenities.

Additional Information

Style
Traditional
Basement
Full, Unfinished
Foundation
Block
Acres
0.14
Cooling
Central Air
Water
City
Financing
Conventional
Region
Delaware County
School District
Muncie Community Schools

Listing courtesy of Steve Slavin from Coldwell Banker Real Estate Group. Cell: 317-701-5006

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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID.