1703 E 14th St
Muncie, IN 47302
Southside- 2 Beds
- 1 Bath
2 Beds
1 Bath
(on 0.34 acres)
Local Information
-- mins to
Home Highlights
Property Type
Apartment
Year Built
1977
Lot Size
0.34 acres
About this House
1701 & 1703 E. 14th St Muncie, IN 47302-Delaware County
Parcel # 1123107001000 Township: Center Twp Subdivision: Beuna Vista
Annual Taxes: $3,138 Built 1977 Bldg Sq. Ft. 6,048 Lot Sq. Ft. 15,002
Last Purchased: 11/30/2015 for $290,000 Currant Remaining balance on Private loan is ~$167,000 at 8% Owner has invested over $100,000 in repairs & upgrades.
We are in process of foreclosure on a 24 unit in same area (15-one bedrm & 9-two bedrm units that buyer may not be able to come-up with financing, it apprised back on mid- 2017 for over $1.3M so that would be over $54k per door, this one is only at $33.1K per door!
Motivation: Canadian Investor selling due to declining health concerns and wants to spend more time with family. Currently under good local Property Mgt. Flat 10% of collected rents.
-16 units that are all 2 Bed 1 bath, all electric approx. 750 Sq. Ft. Stove, heat, individual H2O heaters in each unit. Switching over from $650 with LL paying utilities to $550 with Tenant paying all Electric, LL Pays for Water/Sewer average about $85~$90 per unit per unit and Trash is $142/Mo so total per unit utilizes are about $95/mo.
88% Occupancy with 14 of 16 rented
Rents and plans very see recent P&L statement (send me email so I can forward)
Rents vary depending on plans of old or new leases, from $550/to $750, see P&L and Performa
1 Tenant has been there over 20 yrs!
2 units need upgrade- Ave upgrade is $4,000 to $5,000, based on Property Mgt. completing.
Ideas to Increase Income:
-Currently Property Mgt. is now renting out the Entry Closets that is under the stair well for tenant at $$35~$50/mo. but here are only 4 closets.
-Could add in Nice Murphy bed units (see attachment) to call these a 2+ unit and we believe that we could get $50~$125/mo. in additional rents (units are under $2,000 complete)
-Looking into getting estimates to add in 2 additions for Coin-op W&D rooms.
-We believe that there is enough vacant lot space behind to add in numerous one level storage facility(or covered parking or enclosed garages). We have contacted local storage Unit builder (I can provide that contact) and have estimated that for between $50~$60K would build conservatively 10, (10x15) units rents would be between $55 to $125/each. That’s 1,500 sq. ft. at $15/per. yields $22,500, 6,000 sq. ft. of concrete at $4/per or $24k and about $600 per door that $6,000 and in permits, drainage and lighting if needed.
Buyer is to pay for all closing costs and Property Taxes are current. Please DO NOT contact the Property mgt company.
Investor Buyer must complete our Letter of Intent & Provide Verifiable Proof of Funds letter or Loan Commitment”. For additional information and a scheduled showing please call Tony at (317) 529-5633 or email me email me at PropertySolutionsResource@Gmail.com
*This is a Wholesale Deal that uses an Assignment of Contract Rights to End-Buyer. Contract Holder is a Licensed Broker in the State of Indiana, acting as a Principle in the transaction. Offered Pricing includes Assignment fees.
Due your own Due Diligence before you make any offer.
If you see other ads they are NOT the Holder of this contract.
*If you see this from another source please let me know, unless they have my written permission they are not in control of this property, you can make an offer with my LOI and you must submit a verifiable proof of funds.
Parcel # 1123107001000 Township: Center Twp Subdivision: Beuna Vista
Annual Taxes: $3,138 Built 1977 Bldg Sq. Ft. 6,048 Lot Sq. Ft. 15,002
Last Purchased: 11/30/2015 for $290,000 Currant Remaining balance on Private loan is ~$167,000 at 8% Owner has invested over $100,000 in repairs & upgrades.
We are in process of foreclosure on a 24 unit in same area (15-one bedrm & 9-two bedrm units that buyer may not be able to come-up with financing, it apprised back on mid- 2017 for over $1.3M so that would be over $54k per door, this one is only at $33.1K per door!
Motivation: Canadian Investor selling due to declining health concerns and wants to spend more time with family. Currently under good local Property Mgt. Flat 10% of collected rents.
-16 units that are all 2 Bed 1 bath, all electric approx. 750 Sq. Ft. Stove, heat, individual H2O heaters in each unit. Switching over from $650 with LL paying utilities to $550 with Tenant paying all Electric, LL Pays for Water/Sewer average about $85~$90 per unit per unit and Trash is $142/Mo so total per unit utilizes are about $95/mo.
88% Occupancy with 14 of 16 rented
Rents and plans very see recent P&L statement (send me email so I can forward)
Rents vary depending on plans of old or new leases, from $550/to $750, see P&L and Performa
1 Tenant has been there over 20 yrs!
2 units need upgrade- Ave upgrade is $4,000 to $5,000, based on Property Mgt. completing.
Ideas to Increase Income:
-Currently Property Mgt. is now renting out the Entry Closets that is under the stair well for tenant at $$35~$50/mo. but here are only 4 closets.
-Could add in Nice Murphy bed units (see attachment) to call these a 2+ unit and we believe that we could get $50~$125/mo. in additional rents (units are under $2,000 complete)
-Looking into getting estimates to add in 2 additions for Coin-op W&D rooms.
-We believe that there is enough vacant lot space behind to add in numerous one level storage facility(or covered parking or enclosed garages). We have contacted local storage Unit builder (I can provide that contact) and have estimated that for between $50~$60K would build conservatively 10, (10x15) units rents would be between $55 to $125/each. That’s 1,500 sq. ft. at $15/per. yields $22,500, 6,000 sq. ft. of concrete at $4/per or $24k and about $600 per door that $6,000 and in permits, drainage and lighting if needed.
Buyer is to pay for all closing costs and Property Taxes are current. Please DO NOT contact the Property mgt company.
Investor Buyer must complete our Letter of Intent & Provide Verifiable Proof of Funds letter or Loan Commitment”. For additional information and a scheduled showing please call Tony at (317) 529-5633 or email me email me at PropertySolutionsResource@Gmail.com
*This is a Wholesale Deal that uses an Assignment of Contract Rights to End-Buyer. Contract Holder is a Licensed Broker in the State of Indiana, acting as a Principle in the transaction. Offered Pricing includes Assignment fees.
Due your own Due Diligence before you make any offer.
If you see other ads they are NOT the Holder of this contract.
*If you see this from another source please let me know, unless they have my written permission they are not in control of this property, you can make an offer with my LOI and you must submit a verifiable proof of funds.
1703 E 14th St, Muncie, IN 47302 is a 2 bedroom, 1 bathroom apartment in Southside, built in 1977. More recently, it was listed as a rental in January 2018 with an asking price of $600 per month. That rental listing was removed on January 29, 2018. It is currently off market. The Trulia Estimate rent is $941/month.
Home Details for 1703 E 14th St
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Heating & Cooling Heating: Baseboard, ElectricCooling System: OtherHeating Fuel: Baseboard |
Interior Details Number of Rooms: 6Types of Rooms: Dining Room, Master Bath |
Appliances & Utilities Cable ReadyRefrigerator |
Levels, Entrance, & Accessibility Floors: Carpet, Laminate |
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Exterior Home Features Roof: Shake ShingleExterior: Vinyl |
Parking & Garage Parking: Off Street |
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Year Built Year Built: 1977 |
Property Type / Style Property Type: Apartment |
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Lot Area: 0.34 acres |
Price History for 1703 E 14th St
| Date | Price | Event | Source |
|---|---|---|---|
| 03/24/2021 | ListingRemoved | N/A | |
| 04/01/2019 | $535,000 | ListingRemoved | N/A |
| 10/20/2018 | $535,000 | Listed For Sale | N/A |
| 01/29/2018 | $650 | ListingRemoved | Agent Provided |
| 01/24/2018 | $650 | PriceChange | Agent Provided |
| 01/03/2018 | $600 | Listed For Rent | Agent Provided |
Market trends in Muncie
Last updated June 2026
Avg. sale price
$171K
$5.67KMoM
Sale-to-List Price
99.3%
1.1%MoM
Price per sq ft
$121
$7MoM
Available listings
304
8MoM
Comparable Sales for 1703 E 14th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.13 | Apartment | $8,500 | 02/24/26 | 2 | 1 | 3,590 | |
0.63 | Apartment | $35,000 | 06/11/26 | 4 | 4 | 2,468 | |
2.08 | Apartment | $38,000 | 02/24/26 | 6 | 6 | 2,580 | |
1.98 | Apartment | $52,000 | 02/03/26 | 1 | 1 | - | |
1.99 | Apartment | $125,000 | 12/17/25 | 3 | 1 | 2,808 |
Home facts updated by county records
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 1703 E 14th St.
What Locals Say about Southside
At least 26 Trulia users voted on each feature.
87 % Say yards are well-kept
81 % Say car is needed
77 % Say it's dog friendly
76 % Say parking is easy
73 % Say there's holiday spirit
66 % Say kids play outside
53 % Say people would walk alone at night
52 % Say streets are well-lit
49 % Say neighbors are friendly
42 % Say it's quiet
38 % Say it's walkable to grocery stores
37 % Say there are sidewalks
37 % Say it's walkable to restaurants
37 % Say they plan to stay for at least 5 years
23 % Say there's wildlife
13 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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