438 Bundy Ave New Castle, IN 47362
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 438 Bundy Ave
- Property type
- Residential income homes
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Castle
- County
- Henry
- State
- Indiana
- Longitude
- -85.372965239482
- Latitude
- 39.922740798879
