438 Bundy AveNew Castle, IN 47362

For Sale
$374,500

Bank-owned, 6-unit rental value-add.

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a portfolio of five bank-owned properties totaling six rental units, strategically located across Henry, Delaware, and Randolph Counties in Indiana. The portfolio comprises four single-family homes and one duplex, offering a diverse range of housing options. The properties are situated at 438 Bundy Ave, New Castle, IN 47362; 402 S 15th St, New Castle, IN 47362; 1217 S 23rd St, New Castle, IN 47362; 702 E 24th St, Muncie, IN 47302; and 547 E Washington St, Parker City, IN 47368. Unit sizes vary, ranging from two to four bedrooms, providing flexibility for tenant selection and rental income generation. This value-add opportunity allows for potential renovations and upgrades to increase property value and rental income. The asking price for this entire portfolio is $374,500, presenting a compelling entry point into the Indiana multifamily market. The properties are currently listed individually, and further details are available upon request. This is a rare chance to acquire a diverse, multi-property portfolio in a growing area. This bank-owned foreclosure presents a unique opportunity for significant return on investment.

Highlights

  • $374,500 asking price.
  • Bank-owned foreclosure, value-add opportunity.
  • Six-unit multifamily portfolio.
  • Five buildings total; four single-family homes and one duplex.
  • Properties located in New Castle and Muncie, Indiana, and Parker City, Indiana.

Property Details for 438 Bundy Ave

Property type
Multifamily properties, Residential income homes
Buildings
5
Units
6

Location Insight

City
New Castle
County
Henry
State
Indiana
Latitude
39.922740798879
Longitude
-85.372965239482
438 Bundy Ave, New Castle, Indiana

FAQs

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438 Bundy Ave
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