Colliers is pleased to present the opportunity to acquire a well-maintained, 100% occupied multifamily community in Muncie, Indiana. Built in 1995, this stable asset offers a diverse unit mix of one-, two-, and three-bedroom apartments, with an average unit size of 757 square feet.
Strategically positioned in a strong rental market, the property has demonstrated consistent occupancy and demand, providing investors with a turnkey opportunity to acquire a stabilized asset with predictable cash flow. The community has undergone significant capital improvements in the past five years, including roof replacements, parking lot restriping, new signage, siding repairs, window repairs, and fence enhancements - ensuring minimal deferred maintenance for new ownership.
With in-place rents below current market levels, investors have an immediate opportunity to enhance returns through targeted rent adjustments and operational efficiencies. Muncie’s growing economy, anchored by Ball State University and a strong employment base, further reinforces the long-term investment potential of this asset.