406 E Gilbert St Muncie, IN 47305

Listing agency Envoy Real Estate j***@talktotucker.com Show Phone

Listed by Jordan Kornmann · License #IN RB17000305

Source Crexi

Added: Apr 12 Updated: Jul 21 at 3:37PM Checked: Jul 21 at 3:37PM

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Investment Insights

Based on property information with market context.

This offering presents a stabilized multifamily portfolio comprising 24 properties and 101 total units. The assets are described as being part of a larger portfolio, with ownership structured for efficient property management.

Many of the properties are located in close proximity to each other, supporting streamlined oversight across the group. The seller would prefer to sell the entire package, though sales in groups may also be considered as outlined in the attached OM.

The portfolio is currently described as 94% occupied, and the public remarks list an 8.71% cap rate for the package.

Key Highlights

• Portfolio includes 24 multifamily properties with a total of 101 units in Muncie & New Castle, IN
• Stabilized portfolio with 94% occupancy
• Performance listed at an 8.71% cap rate

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FAQs

What type of property is this?

Apartment building - Portfolio includes 24 multifamily properties totaling 101 units, with stabilized performance and 94% occupancy.

Where is this apartment building located?

The property is located at 406 E Gilbert St Muncie, IN.

What are key features of this property?

This property features: Portfolio includes 24 multifamily properties with a total of 101 units in Muncie & New Castle, IN; Stabilized portfolio with 94% occupancy; Performance listed at an 8.71% cap rate