1517 S Walnut St, Muncie, IN 47302

Introducing the Walnut Street Apartment Portfolio, consisting of 10 renovated apartment units, 2 undergoing rehab and a commercial space with a garage ready for additional unit conversion or to be rented as commercial. These units span across several adjacent structures. The property has 5,920 rentable square feet and sits on a .41 acres site. The property has undergone a complete transformation with extensive capital improvements. These include major structural, mechanical, electrical, and cosmetic upgrades. New flat roofs, all siding and windows replaced, electrical systems fully rewired with new meters. Plumbing upgrades, new cabinets and countertops, new flooring, fresh interior paint, new appliances in renovated units, new showers/tubs/toilets, security cameras, and significant subfloor and drywall replacement. The Walnut Street portfolio represents an opportunity to acquire a workforce-grade housing asset in a supply-constrained rental market where renovated products perform well. Includes 1513-1525 S Walnut St parcels. Extensive Capital Improvements: Ownership has replaced mechanical systems, interior finishes siding, subflooring, drywall, and much more Full Electric System Replacement: All units were completely re-wired and new individual meters installed. Upside Through Commercial Space: The property currently has a vacant commercial space offering potential for revenue increases through lease-up. Additional Unit Upside: Two additional units are partially complete and can be finished for immediate rental increases.