720 W Jackson St

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🏘️ 720 W Jackson St, Muncie, IN 47305
5 Units | Zoned Quad | Quadplex + ADU + 3-Car Garage

📌 Property Snapshot
Units: 5 total

4 x 1 bed / 1 bath

1 efficiency unit

Structure: Large quadplex w/ detached ADU & garage

SqFt: 3,888

Lot Size: 0.18 acres

Year Built: 1900

Utilities: Electric/gas separated (except efficiency); water shared

Condition: Major fixer (interior & exterior)

Zoning: Multifamily (legal 4-unit + ADU)

💰 Investment Summary
Metric    Value
Asking Price    TBD
Market Rent (Est. Fully Stabilized)    $3,750–$4,100/mo
ARV (Stabilized)    ~$240,000
$/SqFt (ARV)    $61.73
Rehab Est. ($35/SF)    $77,760–$136,080
Exit Strategy    Long-term rental, conversion to large SFR, or cash-flow quad
Cap Rate (Est. @ $4K/mo & $240K value)    17–19% (post-stabilization)

💡 Value-Add Play
Convert layout to modern 3 x 2BD units + 1 studio + 1 bonus unit

Keep garage for tenant parking (premium in this area)

Fully reposition to meet DSCR/Section 8 rental thresholds

Reconfigure common entry or utilities for lower OpEx

🚨 Key Investor Highlights
Priced well below replacement cost

5 legal units w/ garage + bonus structure = rare layout

Strong rental demand in 47305 + flexible zoning

Rehab is heavy but upside is massive

Perfect for seasoned investors wanting scale & margin

🏘️ 700–702 W 11th St, Muncie, IN 47302
3 Units | Duplex + Detached SFR | On One Parcel

📌 Property Snapshot
Units: 3 total

(2) 2BD / 1BA Units (duplex)

(1) 2BD / 1BA SFR

Total SqFt: ~2,553

~1,753 Duplex | ~800 SFR

Lot Size: 0.15 acres

Year Built: 1880

Utilities: Electric metered, gas/water shared

Condition: Mid-grade rehab needed

💰 Investment Summary
Metric    Value
SFR ARV    $84,000
Duplex ARV    $124,000
Total ARV    ~$208,000
SFR Rehab (@$20/SF)    $20,000
Duplex Rehab (@$35/SF)    $61,355
Total Rehab Estimate    ~$81,355
Market Rent (Est. Fully Stabilized)    $2,400–$2,700/mo
$/SF ARV (Avg)    $81.50
Cap Rate (Post-Stabilization)    13%–15%

💡 Value-Add Play
Corner lot w/ fenced SFR = more tenant demand

Great layout: full 6 bed / 3 bath spread across 3 units

Potential to separately parcel or exit SFR individually

Minor mechanical & cosmetic lift = quick ROI

🔥 Key Investor Highlights
Fully legal triplex w/ utility separation already in place

Mid-level rehab = faster turn w/ less capital exposure

Cash-flow area w/ good tenant base

Duplex offers vertical footprint for upgraded layout

All 2BD units = highly rentable in Muncie’s rental grid

***This is a MFR package. Can be bought together or separate. Total of 8 units. Room to add 2-3 additional units = totally 11-12 units
Jackson st is in the best shape of the 3 properties
All properties have value-add potential

To get MORE info or to see all (CURRENT inventory: REIOFFER.NET)

Resources:

• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.

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