Property Description:
This 3-bed, 1-bath, 1,364 sf single-family home built in 1900 sits in Muncie’s East Central district, just minutes from Downtown, S. Madison St, and a 6-minute drive to Ball State University. The seller upgrades completed in 2024—including a new roof, new siding, and new windows—giving this property a strong head start on the heavy lifting. Interior remains fully dated and needs a full cosmetic renovation along with some potential mechanical updates. Vacant with a lockbox for easy access.
🛠️ Rehab Scope
- Full interior cosmetic renovation (kitchen, bath, flooring, paint, trim, fixtures)
- Inspect/replace furnace (age unknown)
- Install new central HVAC system (currently no AC)
- Subfloor and drywall repairs in older sections of the home
- Interior doors, hardware, and lighting package
- Exterior touch-ups: fascia/soffit detail, minor finish work around new siding/windows
- Deep clean + haul-off of debris
🔵 Comparable Sales
- 1025 E Washington St – 3/1 | 1,347 sf | 1927 | $147,400 ($109/sf) – Renovated
- 402 S Pershing Dr – 3/1 | 1,100 sf | 1885 | $110,085 ($100/sf) – Updated
- 917 S Grant St – 3/1 | 1,250 sf | 1900 | $117,051 ($94/sf) – Updated
- 405 N Pershing Dr – 3/1 | 1,600 sf | 1885 | $131,404 ($82/sf) – Average finish
- 215 N Monroe St – 3/1 | 1,218 sf* | 1880 | $135,863 ($111/sf) – Renovated