Property profile

438 Bundy Ave New Castle, IN 47362

OFF-MARKET
Residential income homes
Property ID
US31-1880850
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Residential income homes
UPID US31-1880850

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

438 Bundy Ave New Castle, IN 47362
New Castle metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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